EURUSD gave us last week a very successful buy signal (see chart below) after the 4H Double Bottom:
Our long-term Target of 1.11350 has been hit and now we look at the next most efficient level to buy as this is an extension of the long-term Channel Up pattern to form the technical Higher High.
As you can see on this chart, this bullish wave resembles those of March 15 - April 30 and November 11 - December 30. The most optimal buy entry after those broke upwards, was as close to the 4H MA100 as possible. Now that the price closed last week above the 1W MA200, every pull-back on the 1D scale is a buy opportunity but sound risk management should be applied. Our Target for August is 1.14000.
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Our long-term Target of 1.11350 has been hit and now we look at the next most efficient level to buy as this is an extension of the long-term Channel Up pattern to form the technical Higher High.
As you can see on this chart, this bullish wave resembles those of March 15 - April 30 and November 11 - December 30. The most optimal buy entry after those broke upwards, was as close to the 4H MA100 as possible. Now that the price closed last week above the 1W MA200, every pull-back on the 1D scale is a buy opportunity but sound risk management should be applied. Our Target for August is 1.14000.
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** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! **
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👑Best Signals (Forex/Crypto+70% accuracy) & Account Management (+20% profit/month on 10k accounts)
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🔥New service: next X100 crypto GEMS!
💰Free Channel t.me/tradingshotglobal
🤵Contact info@tradingshot.com t.me/tradingshot
🔥New service: next X100 crypto GEMS!
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.
👑Best Signals (Forex/Crypto+70% accuracy) & Account Management (+20% profit/month on 10k accounts)
💰Free Channel t.me/tradingshotglobal
🤵Contact info@tradingshot.com t.me/tradingshot
🔥New service: next X100 crypto GEMS!
💰Free Channel t.me/tradingshotglobal
🤵Contact info@tradingshot.com t.me/tradingshot
🔥New service: next X100 crypto GEMS!
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.