EURUSD: Your Trading Plan Explained
The EURUSD is currently trading in a rising parallel channel on a 4-hour chart and is testing its support.
To enter a buy position with confirmation, look for an ascending triangle pattern on the 1-hour timeframe.
A bullish breakout above the resistance and a close of a 1-hour candle above it will provide a strong bullish signal.
There is a high likelihood that the price will continue to rise and reach at least the 1.051 level.
On the other hand, a bearish breakout below the channel's support on the daily chart could lead to lower prices.
To enter a buy position with confirmation, look for an ascending triangle pattern on the 1-hour timeframe.
A bullish breakout above the resistance and a close of a 1-hour candle above it will provide a strong bullish signal.
There is a high likelihood that the price will continue to rise and reach at least the 1.051 level.
On the other hand, a bearish breakout below the channel's support on the daily chart could lead to lower prices.
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Join our Telegram channel for daily market update 👇👇
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For paid signal👇👇 t.me/linofx1999
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For paid signal👇👇 t.me/linofx1999
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