EURUSD is trading inside a Bullish Megaphone.
Having formed the first Golden Cross (1h) since August 30th, we have a strong bullish case for the short term but at the same time two clear Resistance levels.
Trading Plan:
1. Buy on the current market price.
2. If it pulls back after a Resistance (1) test, buy on the MA200 (1h).
Targets:
1. 1.06175 (Resistance 1).
2. 1.06650 (MA200 4h and under Resistance 2).
Tips:
1. The MACD (1h) has formed a Bullish Cross under the neutral 0 level.
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Notes:
Past trading plan:
Having formed the first Golden Cross (1h) since August 30th, we have a strong bullish case for the short term but at the same time two clear Resistance levels.
Trading Plan:
1. Buy on the current market price.
2. If it pulls back after a Resistance (1) test, buy on the MA200 (1h).
Targets:
1. 1.06175 (Resistance 1).
2. 1.06650 (MA200 4h and under Resistance 2).
Tips:
1. The MACD (1h) has formed a Bullish Cross under the neutral 0 level.
Please like, follow and comment!!
Notes:
Past trading plan:
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