The EURUSD is currently trading in a rising parallel channel on a 4-hour chart and is testing its support.
To enter a buy position with confirmation, look for an ascending triangle pattern on the 1-hour timeframe.
A bullish breakout above the resistance and a close of a 1-hour candle above it will provide a strong bullish signal.
There is a high likelihood that the price will continue to rise and reach at least the 1.051 level.
On the other hand, a bearish breakout below the channel's support on the daily chart could lead to lower prices.
To enter a buy position with confirmation, look for an ascending triangle pattern on the 1-hour timeframe.
A bullish breakout above the resistance and a close of a 1-hour candle above it will provide a strong bullish signal.
There is a high likelihood that the price will continue to rise and reach at least the 1.051 level.
On the other hand, a bearish breakout below the channel's support on the daily chart could lead to lower prices.
Join our Telegram channel for daily market update 👇👇
t.me/TheAceTrading
For paid signal👇👇 t.me/linofx1999
t.me/TheAceTrading
For paid signal👇👇 t.me/linofx1999
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 Telegram channel for daily market update 👇👇
t.me/TheAceTrading
For paid signal👇👇 t.me/linofx1999
t.me/TheAceTrading
For paid signal👇👇 t.me/linofx1999
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.