possible bullish scenario if...
Updated
EURUSD has formed inverse head and shoulders as it clear on the chart.
also price is hovering over around 200MA for a while.
it could bounce back down one more time to gain more strength to pump
or can break the 200MA and resistance neckline upward with no correction
either the first or second scenario for now it seems more bullish.
the suggestion stop loss if you want to take long position would be below 0.975 level.
we also have strong support level around 0.955 could another entry chance in the case
of bearish scenario.
Enjoy the market
#WOMAN. LIFE. FREEDOM
also price is hovering over around 200MA for a while.
it could bounce back down one more time to gain more strength to pump
or can break the 200MA and resistance neckline upward with no correction
either the first or second scenario for now it seems more bullish.
the suggestion stop loss if you want to take long position would be below 0.975 level.
we also have strong support level around 0.955 could another entry chance in the case
of bearish scenario.
Enjoy the market
#WOMAN. LIFE. FREEDOM
Trade active
a fake break out candle hit the stop loss area but pulled back in next candle.now the price broke the neck line(dynamic resistant) and 200MA both confirming our trade setup.
so if that area hold the price up the upward pressure will continue.
Trade active
and going onTrade closed: target reached
all targets hit in less than a month
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.