EURUSD Trading plan

Pattern: Channel Down on 4H.

Signal: Bearish as the price is close to the Lower High trend line of the pattern. The trend is bearish as long as the 4H MA50 is intact. If crossed, expect a test of the 4H MA200.

Target: 1.08050 (the inner Lower Low trend line).

My long term view and target on EURUSD:


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