EUR/USD H4 Inside Bar, At Resistance but with Bullish Momentum
Following on from the Weekly charts posted this week, we are buying anything Bullish.
The Price Action is showing a consolidation under a Resistance area and a 00 number ie 1.3400
If we break higher with Momentum and close above 1.3400 the chart will become very Bullish.
A Stop still below the range is preferable, as it's Friday tomorrow and you don't want to give back all of todays winnings in 1 day, should the Price come back down to test Support
The Price Action is showing a consolidation under a Resistance area and a 00 number ie 1.3400
If we break higher with Momentum and close above 1.3400 the chart will become very Bullish.
A Stop still below the range is preferable, as it's Friday tomorrow and you don't want to give back all of todays winnings in 1 day, should the Price come back down to test Support
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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.