The EURUSD pair has entered its new bottom phase to price the new Higher Low on the 6 month Channel Up. That has completed the sell continuation we called after the 1D MA100 (green trend-line) broke 3 weeks ago and set a 1.0700 target:
The 1D RSI break-out above its MA trend-line, practically confirmed the start of this bottom process. We can't overlook the potential for another Triple Bottom on Lower Lows, the first of which close above the (dashed) Inner Higher Lows trend-line, but EURUSD is now a long-term buy opportunity regardless.
On the shorter term you may work within this Megaphone pattern, buying on the Lower Lows trend-line and selling on the Higher Highs, until the price closes a 1D candle above the 1D MA50 (blue trend-line) and enters the second part of this new Bullish Wave.
Our long-term bullish target was and remains 1.11350.
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The 1D RSI break-out above its MA trend-line, practically confirmed the start of this bottom process. We can't overlook the potential for another Triple Bottom on Lower Lows, the first of which close above the (dashed) Inner Higher Lows trend-line, but EURUSD is now a long-term buy opportunity regardless.
On the shorter term you may work within this Megaphone pattern, buying on the Lower Lows trend-line and selling on the Higher Highs, until the price closes a 1D candle above the 1D MA50 (blue trend-line) and enters the second part of this new Bullish Wave.
Our long-term bullish target was and remains 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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💸💸💸💸💸💸
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I trade Crypto, Forex, Indices & Commodities on PrimeXBT — all from one account with TradingView charts 👉 tradingshot.short.gy/PrimeXBT
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I also use TradeNation for fixed spreads & zero commission 👉 tradingshot.short.gy/Tradenation
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.
I trade Crypto, Forex, Indices & Commodities on PrimeXBT — all from one account with TradingView charts 👉 tradingshot.short.gy/PrimeXBT
I also use TradeNation for fixed spreads & zero commission 👉 tradingshot.short.gy/Tradenation
I also use TradeNation for fixed spreads & zero commission 👉 tradingshot.short.gy/Tradenation
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.