EUR/USD: 16.02.2017 D1 chart
Long termed declining trend, medium termed choppi, short termed bullish movement.
Correction to 50% Fibo
Price under the horizontal support - possible growth
Price Action: Pin bar on levels of support - a signal for the new impulse.
Indicators:
Fake breakout of 50 SMA - signal for a possible up trend
DeM(14) - turns around under 0.3 - signal for long
CCI(50) crosses above 0 - confirms the positive sentiment
SL: 1.0490
Alternative scenario: If the price goes under the shadow of the pin bar, this movement might be denied
Trader_Nikolay_Georgiev
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