The EURUSD pair has hit yet another target following our bottom buy within the Channel Up 9 days ago:
By doing so it almost hit the 1.786 Fibonacci extension, which was the next target level on this sequence of Higher Highs. The next one is the 2.0 Fib at 1.11500 but not before a pull-back inside the usual Buy Zone of the 4H MA50 (blue) and 4H MA100 (green) trend-lines. Ideally the 4H RSI should drop near the bottom of its Rectangle to give a Buy Signal.
On the other hand, if the price closes below the 4H MA100, hence below the Channel Up, we will sell, targeting the 4H MA200 (orange trend-line).
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By doing so it almost hit the 1.786 Fibonacci extension, which was the next target level on this sequence of Higher Highs. The next one is the 2.0 Fib at 1.11500 but not before a pull-back inside the usual Buy Zone of the 4H MA50 (blue) and 4H MA100 (green) trend-lines. Ideally the 4H RSI should drop near the bottom of its Rectangle to give a Buy Signal.
On the other hand, if the price closes below the 4H MA100, hence below the Channel Up, we will sell, targeting the 4H MA200 (orange trend-line).
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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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💸💸💸💸💸💸
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👑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.