EURUSD Pull back underway. Buy at the bottom.
EURUSD is trading inside a Channel Up for a little more than a month and currently is on a rejection pull back on its top.
Technically the pull back legs inside this pattern have been at least -1.35%.
Such a pull back will test the MA50 (1d) as Support for the first time since August 11th.
Trading Plan:
1. Buy on the MA50 (1d).
2. Sell if a (1d) candle closes under the Channel Up.
Targets:
1. 1.07900 (MA200 1d).
2. 1.05170 (Support 1).
Tips:
1. The RSI (1d) is trading inside a Channel Up also, with the MA line supporting. A break under it, can be used as an additional early sell indication for 1.05170.
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Notes:
Past trading plan:
Technically the pull back legs inside this pattern have been at least -1.35%.
Such a pull back will test the MA50 (1d) as Support for the first time since August 11th.
Trading Plan:
1. Buy on the MA50 (1d).
2. Sell if a (1d) candle closes under the Channel Up.
Targets:
1. 1.07900 (MA200 1d).
2. 1.05170 (Support 1).
Tips:
1. The RSI (1d) is trading inside a Channel Up also, with the MA line supporting. A break under it, can be used as an additional early sell indication for 1.05170.
Please like, follow and comment!!
Notes:
Past trading plan:
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