EURUSD Short term buy inside a Channel Up.
EURUSD is trading inside a Channel Up.
The price has falled by -0.55%, same amount as the October 25th-28th pull back.
That was a short term buy opportunity that targeted the 0.786 Fibonacci.
The MA200 (1h) is supporting just below.
Trading Plan:
1. Buy on the current market price.
Targets:
1. 1.08750 (Fibonacci 0.786 level).
Tips:
1. The RSI (1h) is about to turn oversold. That has been the most effective buy signal on the last 3 lows (October 29th, 28th and 23rd).
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Notes:
Past trading plan:
The price has falled by -0.55%, same amount as the October 25th-28th pull back.
That was a short term buy opportunity that targeted the 0.786 Fibonacci.
The MA200 (1h) is supporting just below.
Trading Plan:
1. Buy on the current market price.
Targets:
1. 1.08750 (Fibonacci 0.786 level).
Tips:
1. The RSI (1h) is about to turn oversold. That has been the most effective buy signal on the last 3 lows (October 29th, 28th and 23rd).
Please like, follow and comment!!
Notes:
Past trading plan:
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