- October 21, 2020
- Posted by: Tradingshot Articles
- Category: Forex
Another MA approach, this time on EURUSD. It is a recurring pattern since mid-2019:
The 1D chart posts a Channel Down with the price action diving below the 1D MA50 (blue line). The MACD is flat-lined and once it breaks above this range and the price above the 1D MA50, one final pull-back occurs before a series of Higher Highs start.
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Tradingview link:
https://www.tradingview.com/chart/EURUSD/niQIqITd-EURUSD-Waiting-for-a-pull-back-to-enter