After the Weekly close above the last prior high, the trend is probably going to be positive on the weekly scale for EURUSD. Also, the RSI and Hashem WaveTrend are Bullish.
Targets are shown with Horizontal Lines. (With white 200MA and aqua 89EMA moving averages targets)
Targets are shown with Horizontal Lines. (With white 200MA and aqua 89EMA moving averages targets)
Trade active
The first Target Reached. ( Horizontal Resistance and EMA 55 )Trade active
If the price tick below the Low of the previous Weekly candle, the Lower High on Weekly is confirmed and the upside targets will have lesser weight as well.
Trade closed: stop reached
The previous weekly wick took out so the bullish case is Closed.
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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.