EURUSD strong buy signal if the 4hour MA50 breaks.
EURUSD has started trading inside a Channel Up pattern, approaching the 4hour MA50 with its 4hour RSI on the rise.
This is identical to the pattern of late October both on price and RSI terms.
When that pattern finally closed a candle over the 4hour MA50, the price was catapulted to the 1.618 Fibonacci extension (but remained under the 4hour MA200).
As a result, go long if the 4hour MA50 gets crossed and target 1.07550 (Fib 1.618).
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This is identical to the pattern of late October both on price and RSI terms.
When that pattern finally closed a candle over the 4hour MA50, the price was catapulted to the 1.618 Fibonacci extension (but remained under the 4hour MA200).
As a result, go long if the 4hour MA50 gets crossed and target 1.07550 (Fib 1.618).
Follow us, like the idea and leave a comment below!!
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