The EURUSD pair has been bearish since July inside a Channel Down pattern.
Currently it is inside a Flag pattern. Every time it broke its bottom (downwards) the Channel Down extended to a Lower Low.
When it didn't, the Flag pushed the price upwards to a Channel Down Lower High on the MA150 (4h).
Trading Plan:
1. Buy if the Flag holds its bottom.
2. Sell if it breaks.
Targets:
1. 1.07800 (MA150 4h).
2. 1.06000 (1.618 Fibonacci extension).
Tips:
1. The Channel Down hasn't had a Lower High since August 30th. If there is any symmetry to it, we should see a new this week.
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Notes:
Past trading plan:
Currently it is inside a Flag pattern. Every time it broke its bottom (downwards) the Channel Down extended to a Lower Low.
When it didn't, the Flag pushed the price upwards to a Channel Down Lower High on the MA150 (4h).
Trading Plan:
1. Buy if the Flag holds its bottom.
2. Sell if it breaks.
Targets:
1. 1.07800 (MA150 4h).
2. 1.06000 (1.618 Fibonacci extension).
Tips:
1. The Channel Down hasn't had a Lower High since August 30th. If there is any symmetry to it, we should see a new this week.
Please like, follow and comment!!
Notes:
Past trading plan:
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