Get started
mbarbar

EURUSD Long, 150+ pips! 7-8 hours MAX

Long
Euro / U.S. Dollar (FOREXCOM:EURUSD)  
mbarbar Updated   
FOREXCOM:EURUSD   Euro / U.S. Dollar
Trend Analysis Technical Indicators Chart Patterns EURUSD eurusdlong eurusdprediction LONG Forex forexsignals analysis
8
0
trendanalysis indicator chartpattern eurusd eurusdlong eurusdprediction long forex forexsignals analysis
snapshot

Thanks to the Jackson Hole symposium, we have a trend reversal for the EUR, let's break it down:
• 3 MA's cross inside the bullish candlestick.
• RSI crosses from under 50 to over 50 in the candlestick where the 3 MA's touch.
• All while the Ichimoku convergence line crosses the base line in during that candlestick.
• Additionally, MACD positive increase, with the fast EMA distancing itself well from the slow EMA.

We could expect EURUSD to increase in price over the next 7-8 hours.

This is my view, let me know your insights.
Trade closed: stop reached
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.