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EURUSD Buy Signal

Long
FX_IDC:EURUSD   Euro / U.S. Dollar
Pattern: Channel Up on 4H.

Signal: Buy as the price bounced on the Channel's Higher Low trend-line while also holding the 4H MA50. Can use the Resistance as a break-out entry as it appears that EURUSD is repeating the late November break-out pattern to a new Higher High. RSI also identical.

Target: 1.2500 (below the Higher High trend-line and on a +2.70% rise from the Low).


Most recent EURUSD signal:




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Comments

Great analysis, thank you very much. I'm more confident with my trades after I see this.
+1 Reply
great setup mate .... keep it up the great analysis
i agree with u
Reply
no, it dosent work for this Channel , 1.23 already to be reversal and DXY match
Reply
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