EURUSD Bearish Megaphone. Will it break out?
EURUSD is trading inside a Bearish Megaphone with the price very close to its top.
This is still a sell unless it crosses over the top of the pattern.
Trading Plan:
1. Sell on the current market price.
2. Buy if the price crosses over the top of the Megaphone.
Targets:
1. 1.09800 (Resistance A).
2. 1.07000 (Fibonacci 0).
Tips:
1. The RSI (1d) crossed over its MA trendline, which is what happened when the last Bullish Leg of the Rectangle started.
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Notes:
Past trading plan:
This is still a sell unless it crosses over the top of the pattern.
Trading Plan:
1. Sell on the current market price.
2. Buy if the price crosses over the top of the Megaphone.
Targets:
1. 1.09800 (Resistance A).
2. 1.07000 (Fibonacci 0).
Tips:
1. The RSI (1d) crossed over its MA trendline, which is what happened when the last Bullish Leg of the Rectangle started.
Please like, follow and comment!!
Notes:
Past trading plan:
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