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EURUSD at the bottom of the Channel Down. Tight buy.

Long
FX_IDC:EURUSD   Euro / U.S. Dollar
EURUSD is inside a Double Channel Down pattern, trading at the moment on the twin bottom.
Being under both the MA50 and MA200 (1h), the price action is identical to the earlier stage of the Channel Down (August 10th-25th).

Trading Plan:
1. Buy on the current market price but don't hold if the price crosses under the dotted bottom line.

Targets:
1. 1.07365 which is Resistance (1), like it happened with the August 30th top.

Tips:
1. The MACD (1h) has made a Double Bottom also consistent with the Double Bottom of August 25th. A further buy indication.

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Notes:
Past trading plan:


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