Pattern: Bearish Megaphone on 4H.
Signal: Buy as the MACD formed a Bullish Cross, while the RSI broke below 30.00 and bounced. Every time those two parameters were fulfilled at the same time, the price has hit either the 4H MA50 (blue trend-line) or 4H MA200 (orange trend-line).
Target: 1.18500 (slightly below the 4H MA50) and 1.19800 in extension (slightly below the 4H MA200).
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Signal: Buy as the MACD formed a Bullish Cross, while the RSI broke below 30.00 and bounced. Every time those two parameters were fulfilled at the same time, the price has hit either the 4H MA50 (blue trend-line) or 4H MA200 (orange trend-line).
Target: 1.18500 (slightly below the 4H MA50) and 1.19800 in extension (slightly below the 4H MA200).
** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
--------------------------------------------------------------------------------------------------------
!! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !!
🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> jsunde73
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Trade Forex on TradingView (zero commissions)👉 go.tradenation.com/visit/?bta=37104&brand=tradenation
I trade Crypto (perps/swaps) with👉 app.defi.app/join/5b8X2l
Funded trading -10% off👉 hyrotrader.com/?coupon=tradingshot
I trade Crypto (perps/swaps) with👉 app.defi.app/join/5b8X2l
Funded trading -10% off👉 hyrotrader.com/?coupon=tradingshot
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.