EU is coming closer to a major support/ supply zone on the daily chart it has bounced off this support 3 times already. The inversed head and shoulders i posted yesterday still holds as todays daily candle was a big red candle which could push the price farther down breaking the head and shoulders or consolidating here until bullish momentum can push the price...
As you can see in the chart above EURUSD Started forming its first shoulder on July 23, this means if the inversed head and shoulders pattern were to be confirmed and it pushed to the upside that would make it a 2 and a half month long head and shoulders pattern. If EU were to remain heading downward it may end up bouncing off support and form a double bottom. EU...
Gold or XAUUSD has been in a very weird state lately as it broke consolidation towards the downwards just a few days ago and has been pushing down since, This then finished making the 2nd shoulder for the Inversed Head and Shoulders which is a bullish candlestick pattern. As you can see in the chart i have drawn the pattern has been forming over a long period of...
