The EURUSD pair rebounded exactly on the 1D MA100 (green trend-line) as outlined on our analysis a week ago, having already hit our first short-term target of 1.06800:
A comparison with the last long-term rally of similar structure, from April 2020 to January 2021, shows that we just completed the 1D MA100 pull-back. If the price breaks above the 1D MA50 (blue trend-line) and holds it as a Support upon re-testing, it can extend the rally to at least the -0.236 Fibonacci extension. This is at 1.13750 and is our long-term target. Notice also not just the fact that in both fractals the 0.382 Fib supported, but also the striking symmetrical similarities between their RSI and MACD indicators.
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A comparison with the last long-term rally of similar structure, from April 2020 to January 2021, shows that we just completed the 1D MA100 pull-back. If the price breaks above the 1D MA50 (blue trend-line) and holds it as a Support upon re-testing, it can extend the rally to at least the -0.236 Fibonacci extension. This is at 1.13750 and is our long-term target. Notice also not just the fact that in both fractals the 0.382 Fib supported, but also the striking symmetrical similarities between their RSI and MACD indicators.
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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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I trade Crypto, Forex, Indices & Commodities on PrimeXBT — all from one account with TradingView charts 👉 tradingshot.short.gy/PrimeXBT
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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
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.