EURUSD BULLISH MOVE?
Well it's been a long time coming, I know i and a lot of people have been waiting on this for a while now
Looking at the chart we can see that price has formed a (Double Bottom) Pattern.
to lots of Traders, this isn't what they'd consider a double bottom pattern but that's the Market for you
Everyone is seeing the same chart, same price, same pattern but different ideas.
My Double bottom pattern might be someone's retest of support, and that is absolutely fine.
So long the concept is understood and the Expectations are similar, collective human thinking and reaction will take control.
Just as everyone, i am expecting bullish movement for days to come. all the way to my area of expected reversal from Bullish📈to Bearish📉
The EURUSD is arguably the most Traded FOREX Currency pair. and with that being said, i know a lot of people who couldn't Ride the trend would be waiting for a Reversal pattern they trust to be spotted.
As always i will take note of the Main trend, which in this case is a (Downtrend)
sure!! we should be looking for Shorting Opportunities to ride the trend or as others would say "Trade with The Trend"
But there's no rule which states that we cannot seek Long opportunities in a Selling market LOL.
All i need to see is a Bullish engulfing Candlestick patterns
or a reversal candlestick pattern.
whichever one i spot will motivate me further to go Long on the EU.
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.