EURUSD gave us a successful buy signal last time (see chart in the end). Today it crossed and closed a candle (4h) under the MA50 (4h) for the first time in 2 weeks. This creates the potential for a Triangle pattern, negating the Channel Up.
Trading Plan: 1. Sell as long as the price is closing under Resistance (1). 2. Buy if the price closes (a 4h candle) over Resistance (1).
Targets: 1. 1.07400 (Pivot Zone abd MA50 1d). 2. 1.10325 (Resistance 2).
Tips: 1. RSI (4h) rebounded on its Rising Support but is struggling to break its MA line. This is critical, failure to do so adds selling pressure.
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Notes: This is a continuation of this trading plan:
Great look at the situation with a good description! From a professional point of view it would be interesting to know in what order, what steps you use when analyzing an asset)
LegionQ8
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Good euro idea, it's really possible scenario
FirstNameHelen
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I see a strong move coming yes, thanks for euro signal
WalterMoon
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bro great work, I'm think that you are right for EURUSD