In my previous post, I highlighted a massive double bottom on the EUR/USD monthly chart, potentially signaling the birth of a multi-month bullish cycle.
Now, zooming in to the H4 timeframe, the pair is trading in a key decision zone ahead of the FOMC rate announcement on Wednesday.
Decision Zone: 1.1200–1.1400
This range is technically dangerous for new entries:
Below 1.1200, we risk confirming a local Head and Shoulders pattern → could trigger a bearish breakdown toward 1.11 or lower.
Above 1.1400, we would see a local Double Bottom, in line with the larger monthly pattern → likely continuation of the uptrend.
That’s why I believe the safest strategy right now is to wait for a breakout and confirmation — either above 1.1400 or below 1.1200. Trading inside this band means fighting uncertainty just days before a major macro event.
Reversal patterns work best when used within trends, not against them.
The current ascending structure on H4 supports a bullish continuation — if the market provides confirmation.
Until then, let the range resolve. Smart money waits, not guesses.
https://www.tradingview.com/chart/EURUSD/z0zLp8hQ-EUR-USD-Long-Term-Breakout-with-Fundamental-and-Tech-Confluence/
Now, zooming in to the H4 timeframe, the pair is trading in a key decision zone ahead of the FOMC rate announcement on Wednesday.
Decision Zone: 1.1200–1.1400
This range is technically dangerous for new entries:
Below 1.1200, we risk confirming a local Head and Shoulders pattern → could trigger a bearish breakdown toward 1.11 or lower.
Above 1.1400, we would see a local Double Bottom, in line with the larger monthly pattern → likely continuation of the uptrend.
That’s why I believe the safest strategy right now is to wait for a breakout and confirmation — either above 1.1400 or below 1.1200. Trading inside this band means fighting uncertainty just days before a major macro event.
Reversal patterns work best when used within trends, not against them.
The current ascending structure on H4 supports a bullish continuation — if the market provides confirmation.
Until then, let the range resolve. Smart money waits, not guesses.
https://www.tradingview.com/chart/EURUSD/z0zLp8hQ-EUR-USD-Long-Term-Breakout-with-Fundamental-and-Tech-Confluence/
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.