Possible Eur/Usd correction
Looking at the 4 hours time frame, the instrument started an up trend at 1.06326 which ended at
1.23499 then started retracing.
if this be a correction in order to continue its up trend I believe we should be seeing a retracement back up at either 1.1633 or 1.16040 but at the same time might possibly form a head and shoulder pattern when it hit 1.14817 (very possible)
Note: This is not a financial advice but what I am trading currently
Hey mates what do you think of this analysis
1.23499 then started retracing.
if this be a correction in order to continue its up trend I believe we should be seeing a retracement back up at either 1.1633 or 1.16040 but at the same time might possibly form a head and shoulder pattern when it hit 1.14817 (very possible)
Note: This is not a financial advice but what I am trading currently
Hey mates what do you think of this analysis
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.