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TradingShot
Mar 26, 2021 2:36 PM

EURUSD Special RSI/ MACD occurrence. Long

EURO / U.S. DOLLARICE

Description

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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Comments
Cress-morris
Good
John_Moree
Good job
financialflagship
Solid analysis mate. Thanks for sharing! 🙌
imsaadrao
thanks i can see the same bullish pattern for 18500
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