EURUSD rose significantly today, hitting the MA50 (4h).
It remains inside a (white) Channel Down, which however is similar to the April pattern that eventually broke upwards.
Trading Plan:
1. Sell as long as the price stays inside the (white) Channel Down.
2. Buy if it crosses and closes over it.
Targets:
1. 1.09200 (Support 1 and MA200 (4h).
2. 1.11845 (Resistance 2).
Tips:
1. The RSI (4h) is where the similarities between the two Channels are more obvious. A break over the dashed Falling Resistance is a confirmed buy signal.
2. The long term pattern is a Channel Up.
Please like, follow and comment!!
Notes:
Past trading plan:

It remains inside a (white) Channel Down, which however is similar to the April pattern that eventually broke upwards.
Trading Plan:
1. Sell as long as the price stays inside the (white) Channel Down.
2. Buy if it crosses and closes over it.
Targets:
1. 1.09200 (Support 1 and MA200 (4h).
2. 1.11845 (Resistance 2).
Tips:
1. The RSI (4h) is where the similarities between the two Channels are more obvious. A break over the dashed Falling Resistance is a confirmed buy signal.
2. The long term pattern is a Channel Up.
Please like, follow and comment!!
Notes:
Past trading plan:

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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.
Join our private Telegram signals channel, with +70% accuracy for forex and crypto! 🎉
Also doing account management, earn +15% monthly profit!
👉CONTACT: t.me/tradingbrokersview
Stop gambling with your trades! 🎰
Start being profitable! 💰
Also doing account management, earn +15% monthly profit!
👉CONTACT: t.me/tradingbrokersview
Stop gambling with your trades! 🎰
Start being profitable! 💰
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.