EURUSD Structured entry levels for buying and selling.
EURUSD is on the 2nd Bearish Wave of the Rectangle since the start of the year.
That is in the form of a Channel Down, so far identical to the 1st.
This, along with the Fibonacci retracement levels offer stable entries for both buying and selling.
Trading Plan:
1. Sell on the current market price.
2. Sell on the next MA50 (4h) rejection after that.
Targets:
1. 1.07350 (bottom of Channel Down.
2. 1.07000 (bottom of Rectangle).
Tips:
1. The RSI (1h) is below its MA level, confirming that we are indeed on a downtrend structure.
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Notes:
Past trading plan:
That is in the form of a Channel Down, so far identical to the 1st.
This, along with the Fibonacci retracement levels offer stable entries for both buying and selling.
Trading Plan:
1. Sell on the current market price.
2. Sell on the next MA50 (4h) rejection after that.
Targets:
1. 1.07350 (bottom of Channel Down.
2. 1.07000 (bottom of Rectangle).
Tips:
1. The RSI (1h) is below its MA level, confirming that we are indeed on a downtrend structure.
Please like, follow and comment!!
Notes:
Past trading plan:
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