An Ascending Channel on EURUSD

٢٣ ديسمبر ٢٠٢٠

A correction on EURUSD has been made...however, a proper retest on my uptrending support would give me a high probability setup as i will have A 3RD TOUCH on my support...Nevertheless, the price is in the zone (Correction zone/fibonacci 50.0-61.8) which has been retested several times!

A -25pips stop loss would put me on a safe mode just in case the market decides to go for spike stop hunt before ascending...

Please check my previous idea on EURUSD where i shared why the price is going up...in fact, i shared a cup Pattern that the market is about to complete before we can witness a Spilling coffee...

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