EURUSD got rejected on Resistance (1) forming a Double Top.
With the medium term pattern being a Bullish Megaphone, this rejection technically aims at the bottom of the pattern.
Trading Plan:
1. Sell on the current market price.
Targets:
1. 1.0650 (Support 2 and bottom of Bullish Megaphone).
Tips:
1. The MACD (4h) just formed a Bearish Cross, which is a confirmation of the sell signal.
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Notes:
Past trading plan:
With the medium term pattern being a Bullish Megaphone, this rejection technically aims at the bottom of the pattern.
Trading Plan:
1. Sell on the current market price.
Targets:
1. 1.0650 (Support 2 and bottom of Bullish Megaphone).
Tips:
1. The MACD (4h) just formed a Bearish Cross, which is a confirmation of the sell signal.
Please like, follow and comment!!
Notes:
Past trading plan:
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