EURUSD bullish possibility
HTF -> Market is in a continuation correction movement with HTF bearish bias
LTF -> Market is in a range bound ascending channel correction, with HTF bearish bias, however, the market last week has bounced from the bottom of the HTF correction forming a double bottom, and a descending channel, I suspect that the EUR will gain some strength to the upside if it breaks the LTF descending channel.
However, a LTF correction continuation pattern should be formed out of the descending channel, before a trade is put on.
LTF -> Market is in a range bound ascending channel correction, with HTF bearish bias, however, the market last week has bounced from the bottom of the HTF correction forming a double bottom, and a descending channel, I suspect that the EUR will gain some strength to the upside if it breaks the LTF descending channel.
However, a LTF correction continuation pattern should be formed out of the descending channel, before a trade is put on.
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.