EURUSD Channel Up emerging


Pattern: Emerging Channel Up on 4H, so far the January-February price action resembles that of September-October 2020. Both legs within a larger/ longer term Channel Up (see chart at the end).

Signal: Buy on the 4H MA50 if the price gets rejected on the 4H MA200.

Target: 1.21700 (just below the 1st Resistance).

The bigger picture:

EURUSD Entering the long-term Buy Zone

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