EURUSD-Weekly Market Analysis-Dec20,Wk4EURUSD shows a bullish run across all 3 timeframes, namely the daily, 4-hourly and 1-hourly.
Planning for a trend-trading strategy, I'll be looking at the bottom of the channel and wait for my confirmation candle for a buying opportunity.
Target will stretch out to previous high and a target extension level.
Targetextension
Trade Ideas Position: AUDUSD BatA Bat pattern form up for a CounterTrend trading opportunity. A potential trend extension as the market has broken the trendline on 4-hourly but note that on the daily chart it wasn't broken. Check your data
Pending Order is set and decision on target extension will be made when market hit the default target2