- February 1, 2022
- Posted by: Tradingshot Articles
- Category: Forex
Pattern: Channel Up on the 1D time-frame since early 2020.
Signal: Buy as long as the 1D MA150 (red trend-line) is supporting. Before the September market bottom (Higher Low), the 1D MA150 has been in Support for 1 year and 100 days. A MACD Bullish Cross should confirm the rise.
Target: 128.000 (just below the 3.5 Fibonacci extension as every extension has made a Higher High on the Channel Up since its beginning).