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Underlying: EURUSD
Time frame: 4H
So looking at the 4H chart on EURUSD you will notice that price came and hit our pink trading zone at which point we wanted to take a buy position. It has now done and you should be long. Price is starting to get rejected from the zone.
Also notice the 200MA and the 50MA, although they have crossed the 200MA is not actually in a downward trend, it is level. Because of this I am still expecting EURUSD to rally more.
Underlying: EURUSD
Time frame: 4H
So looking at the 4H chart on EURUSD you will notice that price came and hit our pink trading zone at which point we wanted to take a buy position. It has now done and you should be long. Price is starting to get rejected from the zone.
Also notice the 200MA and the 50MA, although they have crossed the 200MA is not actually in a downward trend, it is level. Because of this I am still expecting EURUSD to rally more.