EURUSD One of the lowest risk trades you can find.
EURUSD is rising on Higher Lows despite the recent rejection on Resistance (1).
The price is extremely oversold on the long term time frames and in previous market bottoms it hit immediately the 0.5 Fibonacci level.
Trading Plan:
1. Buy on the current market price.
Targets:
1. 1.06950 (MA50 1d).
Tips:
1. The MACD on the (1d) time frame is past a strong Buy Cross, much like the crosses of the previous bottoms. It shows that we targeting the MA50 (1d) at this point, even higher with Fibonacci 0.5, is indeed one low risk trade.
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Notes:
Past trading plan:
The price is extremely oversold on the long term time frames and in previous market bottoms it hit immediately the 0.5 Fibonacci level.
Trading Plan:
1. Buy on the current market price.
Targets:
1. 1.06950 (MA50 1d).
Tips:
1. The MACD on the (1d) time frame is past a strong Buy Cross, much like the crosses of the previous bottoms. It shows that we targeting the MA50 (1d) at this point, even higher with Fibonacci 0.5, is indeed one low risk trade.
Please like, follow and comment!!
Notes:
Past trading plan:
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