EURUSD reached and is getting rejected at the top of Bullish Megaphone pattern. Technically every rejection inside this pattern has seen at least a 0.382 Fibonacci retracement.
Trading Plan: 1. Sell on the current market price. 2. Buy either on the MA50 (4h) or after a -1.35% decline is completed.
Tips: 1. The RSI (4h) is trading inside a Channel Up of its own. If it reaches its bottom before the pair hits either the MA50 (4h) or completes a -1.35% drop, ignore those and buy.
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