- January 14, 2021
- Posted by: Tradingshot Articles
- Category: Uncategorized
Pattern: Channel Up on 1D.
Signal: Buy once the price approaches the 1D MA50 (blue trend-line) which has been the most consistent buy entry since mid August. Also based on both the 1D RSI and MACD, the August leg is currently repeated.
Target: 1.250 (just under the Outer Higher Highs trend-line and the 0.382 Fibonacci extension).
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