Eurusdbullish
BUY EUR/USDLooking at EUR/USD there are many possible triggers of an upward movement firstly :
The support at 1.21550 areas, which in turn has made ahead formation
4h relative strength index
HEAD and SHOULDER pattern about to form, with a new shoulder at the level of 1.21750 - 1.21880
The bullish trend
Support and Resistance
EURUSD BULLISH SHORTERM SCENARIOAs we can see eurusd was broke trendline before
and now he just reversal on lower timeframe makin impulse structure as well
and also we can see Bullish Flag on 15M was breakout
so we can waiting for confirmation (pullback) then we can execute
comment your perspective below !
EURUSD AnalysisOn the daily the market is currently above the 200 MA indicating its in a bullish market. You can see price recently mitigated the IC and straighter rocketed up, I'm 99% sure institutions are closing their sell positions(Which probably is the reason price broke outside the support and resistance zone). Before the move back within the two Support and resistance lines i believe price will drop back to the purple zone of demand to complete the right shoulder of the head and shoulders then continue on its way up. I will be entering on the pull back after price moves up after re-entering the purple support.
EURUSD, 4hr tf, three white soldiers for further upsideHello my friends,
I found a very interesting setup for EURUSD.
The recent 4hr candles formed three white soldiers pattern which is a bullish pattern.
I think we might see EURUSD continue upwards in the coming days.
Right now price retracing a bit and it will be a good opportunity to enter buy.
Buy EURUSD 1.2200
Stop loss 1.2150
Take profit 1.2300 (2R)
RR ratio 1 : 2
Use only 1-2% risk
Good luck