The EURUSD pair is close to hitting our sell target as presented to you on our last week's analysis (see below):
The 4H MA50 (blue trend-line) remains the Resistance since May 08 and following the 4H Death Cross, we are on the 2nd part of the correction within the 6-month Channel Up. The Lower Lows as defined by the previous correction phase of February show that the bottom may be a little lower than our 1.07000 sell target, on the Inner Higher Lows trend-line which has already three exact contacts.
In either case, we will only buy when the 1D RSI breaks above its MA trend-line, which was the buy signal on February 28. Our long-term bullish target is 1.11350.
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The 4H MA50 (blue trend-line) remains the Resistance since May 08 and following the 4H Death Cross, we are on the 2nd part of the correction within the 6-month Channel Up. The Lower Lows as defined by the previous correction phase of February show that the bottom may be a little lower than our 1.07000 sell target, on the Inner Higher Lows trend-line which has already three exact contacts.
In either case, we will only buy when the 1D RSI breaks above its MA trend-line, which was the buy signal on February 28. Our long-term bullish target is 1.11350.
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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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🤵Contact [email protected] t.me/tradingshot
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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.
👑Best Signals (Forex/Crypto+70% accuracy) & Account Management (+20% profit/month on 10k accounts)
💰Free Channel t.me/tradingshotglobal
🤵Contact [email protected] t.me/tradingshot
🔥New service: next X100 crypto GEMS!
💰Free Channel t.me/tradingshotglobal
🤵Contact [email protected] 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.