The EURUSD pair broke again above the 1H MA50 (blue trend-line) and is trading within two Channel Up patterns: a wider (blue) one and the shorter term dotted one. The 1H MACD indicates that we are on the same level as the November 23 MA50 break-out that peaked on the 1.382 Fibonacci.
As a result, as long as the dotted Channel Up holds, we are bullish short-term, targeting 1.10500 (1.382 Fibonacci extension). If the pattern breaks, we will sell and target the -1.00 Fibonacci extension at 1.07700.
Related material (previous trade):
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As a result, as long as the dotted Channel Up holds, we are bullish short-term, targeting 1.10500 (1.382 Fibonacci extension). If the pattern breaks, we will sell and target the -1.00 Fibonacci extension at 1.07700.
Related material (previous trade):
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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! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. **
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🤵Contact info@tradingshot.com t.me/tradingshot
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