- November 1, 2021
- Posted by: Tradingshot Articles
- Category: Forex
Pattern: Channel Down on 1D.
Signal: Buy as the price rebounded on the 1D MA50 (blue trend-line) and is on the bullish leg towards the top (Lower Highs trend-line) of the Channel Down.
Target: 1.0800 (the 0.786 Fibonacci extension) as per the previous Lower High leg.