EURUSD has been trading within a long term 1M Channel Down (RSI = 39.455, MACD = -0.006, Highs/Lows = -0.0201) since mid-2018. This has been providing very clear buy (on its Lower Lows) and sell (on its Lower Highs) signals.
The inner Channel Down on 1W currently has the Sell Zone below 1.12800 and 1M the Buy Zone within 1.1025 - 1.0935. Notice how the price always touches the 1D MA50 after a Lower Low. Our projections show that from now on the 1D MA200 will determine the Lower Highs and based on a previous identical sequence (September 20th - November 12th 2018) the next one is expected to be on the 0.618 Fibonacci retracement level.
We are currently closer to the Buy Zone so our position is long, TP = 1.12000.
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The inner Channel Down on 1W currently has the Sell Zone below 1.12800 and 1M the Buy Zone within 1.1025 - 1.0935. Notice how the price always touches the 1D MA50 after a Lower Low. Our projections show that from now on the 1D MA200 will determine the Lower Highs and based on a previous identical sequence (September 20th - November 12th 2018) the next one is expected to be on the 0.618 Fibonacci retracement level.
We are currently closer to the Buy Zone so our position is long, TP = 1.12000.
** If you like our free content follow our profile (tradingview.com/u/InvestingScope) to get more daily ideas. **
Comments and likes are greatly appreciated.
I trade Crypto, Forex, Indices & Commodities all from one account on PrimeXBT with TradingView charts
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Contact me for Account Management (+15% monthly profit)
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Register here👉 investingscope.s.gy/PrimeXBT
Contact me for Account Management (+15% monthly profit)
Telegram👉 t.me/investingscope
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I trade Crypto, Forex, Indices & Commodities all from one account on PrimeXBT with TradingView charts
Register here👉 investingscope.s.gy/PrimeXBT
Contact me for Account Management (+15% monthly profit)
Telegram👉 t.me/investingscope
Register here👉 investingscope.s.gy/PrimeXBT
Contact me for Account Management (+15% monthly profit)
Telegram👉 t.me/investingscope
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.