EURUSD can start a short term pullback now.
EURUSD has risen too high too fast, having posted 4 straight green (1d) candles.
The RSI (1d) hit the 63.00 level which was the first pullback rejection on the previous bullish leg of the 1 year Channel Up pattern.
Trading Plan:
1. Buy at 1.08125 (Fibonacci 0.5 and MA100 1d).
Targets:
1. 1.11400 (top of Channel Up).
Tips:
1. The RSI (1d) had its MA as the Support up until the 2nd rejection on the previous bullish wave. If it breaks this time don't buy as it may indicate a deeper correction.
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Notes:
Past trading plan:
The RSI (1d) hit the 63.00 level which was the first pullback rejection on the previous bullish leg of the 1 year Channel Up pattern.
Trading Plan:
1. Buy at 1.08125 (Fibonacci 0.5 and MA100 1d).
Targets:
1. 1.11400 (top of Channel Up).
Tips:
1. The RSI (1d) had its MA as the Support up until the 2nd rejection on the previous bullish wave. If it breaks this time don't buy as it may indicate a deeper correction.
Please like, follow and comment!!
Notes:
Past trading plan:
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