EURUSD got rejected on a Rising Resistance after Wednesday's rebound at the bottom of a newly formed Channel Up. This rejection calls for a sell with the MA50 (4h) is supporting.
Trading Plan: 1. Sell when the RSI (4h) crosses under the MA line. 2. Buy when the RSI (4h) hits the Rising Support.
Targets: 1. The RSI (4h) Rising Support. We estimate that to be within 1.07200-1.07000. 2. 1.07900 (the Rising Resistance).
Tips: 1. The RSI (4h) is trading inside its own Channel Up. Use it as an additional metric for buying low / selling high. 2. Buying extensions can be justified only over Resistance (1) and more importantly the MA200 (4h).
Stop gambling with your trades! 🎰
Start being profitable! 💰
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.