- June 7, 2021
- Posted by: Tradingshot Articles
- Category: Forex
Pattern: Channel Up on 4H but if 1.22390 doesn’t break, a Channel Down may take its place.
Signal: (A) Buy if 1.22390 breaks, (B) sell until then as a 4H MA50/MA100 has been formed.
Target: (A) 1.23450 (1.618 Fibonacci extension), (B) 1.20900 (Lower Low on the emerging Channel Down and just above the 1D MA50 (yellow trend-line).