EURUSD Buy after one more drop.
EURUSD is trading inside a Bullish Megaphone pattern.
The price is on the corrective wave towards the patterns bottom (Rising Support), currently supported by the 4hour MA50.
The minimum decline after a top has been -1.37%, which gives a first entry around the 1day MA50.
The maximum has been -1.65%, which gives an entry on the 4hour MA200. Essentially we have a 1.05775 - 1.06100 Buy Zone (the white circle).
You can buy either there of after the 4hour MACD forms a Bullish Cross or the 4hour RSI approaches its Buy Zone.
Target 1.08000, which is under the 1.382 Fibonacci extension, the level that formed the two last Highs of the Megaphone.
Previous chart:
Follow us, like the idea and leave a comment below!!
The price is on the corrective wave towards the patterns bottom (Rising Support), currently supported by the 4hour MA50.
The minimum decline after a top has been -1.37%, which gives a first entry around the 1day MA50.
The maximum has been -1.65%, which gives an entry on the 4hour MA200. Essentially we have a 1.05775 - 1.06100 Buy Zone (the white circle).
You can buy either there of after the 4hour MACD forms a Bullish Cross or the 4hour RSI approaches its Buy Zone.
Target 1.08000, which is under the 1.382 Fibonacci extension, the level that formed the two last Highs of the Megaphone.
Previous chart:
Follow us, like the idea and leave a comment below!!
TheCryptagon offers news & insights on global markets (crypto, forex, stocks, commodities). Follow so you don't miss anything!
🤑Message us for private forex & crypto signals in our VIP channel (70% accuracy)!💰
TELEGRAM: t.me/thecryptagon
🤑Message us for private forex & crypto signals in our VIP channel (70% accuracy)!💰
TELEGRAM: t.me/thecryptagon
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.