EurUsd long
Looking to the left, on 4 hour time frame, had a wave cycle completion trending down
Then:
reversal- inverted head and shoulders pattern formed at the bottom
which also formed first wave going up
with a 618 pullback
pull back formed the right shoulder
second push up started
price is currently at the neck of the inverted head and shoulders
good place to enter once price clears the neck
projection of second push up to 1.1550
over 200 pips
Price also hasn't been this low since August.
Looking to the left, on 4 hour time frame, had a wave cycle completion trending down
Then:
reversal- inverted head and shoulders pattern formed at the bottom
which also formed first wave going up
with a 618 pullback
pull back formed the right shoulder
second push up started
price is currently at the neck of the inverted head and shoulders
good place to enter once price clears the neck
projection of second push up to 1.1550
over 200 pips
Price also hasn't been this low since August.
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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.
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.