The rebound near the 1.1175 1M Support was something that was largely expected due to being a long term Buy Zone as shown on the trading idea below:
But notably this rebound is being executed on a symmetrical cup curve which may complete the 1.13022 - 1.13315 target on a minor pull-back. This is a short term action plan for those who missed the rebound near 1.1175 but still seek a buy opportunity with limited risk.
On the long run our goal is to short every reasonable High on EURUSD as it is on a long term downtrend on 1W (RSI = 42.663, MACD = -0.008, Highs/Lows = -0.0012) / 1M (RSI = 43.013, MACD = -0.002, Highs/Lows = -0.0186).
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But notably this rebound is being executed on a symmetrical cup curve which may complete the 1.13022 - 1.13315 target on a minor pull-back. This is a short term action plan for those who missed the rebound near 1.1175 but still seek a buy opportunity with limited risk.
On the long run our goal is to short every reasonable High on EURUSD as it is on a long term downtrend on 1W (RSI = 42.663, MACD = -0.008, Highs/Lows = -0.0012) / 1M (RSI = 43.013, MACD = -0.002, Highs/Lows = -0.0186).
** If you like our free content follow our profile (www.tradingview.com/u/InvestingScope) to get more daily ideas. **
Comments and likes are greatly appreciated.
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Over 65% accuracy on Private Signals Channel.
Over 15% return monthly on our Account Management Plan.
Account RECOVERY services.
Free Channel: t.me/investingscopeofficial
www.investingscope.com
Over 65% accuracy on Private Signals Channel.
Over 15% return monthly on our Account Management Plan.
Account RECOVERY services.
Free Channel: t.me/investingscopeofficial
