EUR / USD - Daily Chart Potential Long Term Trading Idea
Its pretty self explained. We had a long down move on daily chart from Euro USD. Currently the markets are sending 3 major indications that reversal might be upcoming.
1) Long consolidation after the downtrend forming ascending triangle, which is bullish continuation market structure pattern.
2) Breakout from that ascending triangle confirming the pattern
3) Breakout from the daily downtrend
and in addition as 4 point.
4) We are on support from steady up-trend on Monthly chart confirmed by breakout on July 2020.
1) Long consolidation after the downtrend forming ascending triangle, which is bullish continuation market structure pattern.
2) Breakout from that ascending triangle confirming the pattern
3) Breakout from the daily downtrend
and in addition as 4 point.
4) We are on support from steady up-trend on Monthly chart confirmed by breakout on July 2020.
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