{"id":13696,"date":"2023-05-18T10:05:38","date_gmt":"2023-05-18T10:05:38","guid":{"rendered":"https:\/\/tradingshot.com\/?p=13696"},"modified":"2023-05-23T10:07:23","modified_gmt":"2023-05-23T10:07:23","slug":"eurusd-within-the-1d-ma50-100-trade-the-break-out","status":"publish","type":"post","link":"https:\/\/tradingshot.com\/index.php\/2023\/05\/18\/eurusd-within-the-1d-ma50-100-trade-the-break-out\/","title":{"rendered":"EURUSD within the 1D MA50-100. Trade the break-out."},"content":{"rendered":"<p>The EURUSD pair is still trading inside the long-term Channel Up pattern we identified more than 2 months ago and bought the bottom (see chart below):<\/p>\n<div class=\"tv-embeded-image\"><a class=\"js-embeded-chart-image tv-embeded-image__link\" title=\"EURUSD looking for two support levels\" href=\"https:\/\/www.tradingview.com\/chart\/EURUSD\/zwtrSPLp-EURUSD-looking-for-two-support-levels\/\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" class=\"js-image-lazy-load\" src=\"https:\/\/s3.tradingview.com\/z\/zwtrSPLp_big.png\" alt=\"EURUSD looking for two support levels\" \/><\/a><\/div>\n<p>With the recent price action however, we shift our attention to a shorter term Channel Up due to the possibility of extending the recent selling. The pair is basically trapped within the 1D MA50 (blue trend-line) and 1D MA100 (green trend-line) for 5 straight 1D candles. We will trade the break-out, depending which direction the 1D candle will close at.<\/p>\n<p>A 1D candle closing above the 1D MA50, will be bullish targeting the top of the Channel Up at 1.11350. A 1D candle closing below the 1D MA100 will be bearish, targeting 1.0700 at least.<\/p>\n<p>Tradingview link:<\/p>\n<p><a href=\"https:\/\/www.tradingview.com\/chart\/EURUSD\/OGT3bVls-EURUSD-within-the-1D-MA50-100-Trade-the-break-out\" target=\"_blank\" rel=\"noopener\">https:\/\/www.tradingview.com\/chart\/EURUSD\/OGT3bVls-EURUSD-within-the-1D-MA50-100-Trade-the-break-out<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The EURUSD pair is still trading inside the long-term Channel Up pattern we identified more than 2 months ago and bought the bottom (see chart below): With the recent price action however, we shift our attention to a shorter term Channel Up due to the possibility of extending the recent selling. The pair is basically<\/p>\n","protected":false},"author":611,"featured_media":13697,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[1637],"tags":[],"class_list":["post-13696","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-forex"],"_links":{"self":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/13696","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/users\/611"}],"replies":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/comments?post=13696"}],"version-history":[{"count":2,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/13696\/revisions"}],"predecessor-version":[{"id":13699,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/13696\/revisions\/13699"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/media\/13697"}],"wp:attachment":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/media?parent=13696"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/categories?post=13696"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/tags?post=13696"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}