EURUSD Sell signal at the top of the pattern.
EURUSD reached and is getting rejected at the top of Bullish Megaphone pattern.
Technically every rejection inside this pattern has seen at least a 0.382 Fibonacci retracement.
Trading Plan:
1. Sell on the current market price.
2. Buy either on the MA50 (4h) or after a -1.35% decline is completed.
Targets:
1. 1.07980 (the 0.382 Fibonacci retracement level).
2. 1.09465 (Resistance (1)).
Tips:
1. The RSI (4h) is trading inside a Channel Up of its own. If it reaches its bottom before the pair hits either the MA50 (4h) or completes a -1.35% drop, ignore those and buy.
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Notes:
Past trading plan:
Technically every rejection inside this pattern has seen at least a 0.382 Fibonacci retracement.
Trading Plan:
1. Sell on the current market price.
2. Buy either on the MA50 (4h) or after a -1.35% decline is completed.
Targets:
1. 1.07980 (the 0.382 Fibonacci retracement level).
2. 1.09465 (Resistance (1)).
Tips:
1. The RSI (4h) is trading inside a Channel Up of its own. If it reaches its bottom before the pair hits either the MA50 (4h) or completes a -1.35% drop, ignore those and buy.
Please like, follow and comment!!
Notes:
Past trading plan:
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