EURUSD has risen too high too fast, having posted 4 straight green (1d) candles.
The RSI (1d) hit the 63.00 level which was the first pullback rejection on the previous bullish leg of the 1 year Channel Up pattern.
Trading Plan:
1. Buy at 1.08125 (Fibonacci 0.5 and MA100 1d).
Targets:
1. 1.11400 (top of Channel Up).
Tips:
1. The RSI (1d) had its MA as the Support up until the 2nd rejection on the previous bullish wave. If it breaks this time don't buy as it may indicate a deeper correction.
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Notes:
Past trading plan:
The RSI (1d) hit the 63.00 level which was the first pullback rejection on the previous bullish leg of the 1 year Channel Up pattern.
Trading Plan:
1. Buy at 1.08125 (Fibonacci 0.5 and MA100 1d).
Targets:
1. 1.11400 (top of Channel Up).
Tips:
1. The RSI (1d) had its MA as the Support up until the 2nd rejection on the previous bullish wave. If it breaks this time don't buy as it may indicate a deeper correction.
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.