EURUSD BULLISH REVERSAL FORMED
Hello Traders and everyone, I am Hadi Karaali, Known as SNIPERS_FX
If you like the idea, do not forget to support with a like and follow.
EURUSD, QUICK UPDATE
As we can see price is still overall bearish trading inside this channel, and price is sitting around our lower bound of this channel, where we will be looking for new longs.
However, after this bearish movement, price formed a clean inverse head and shoulders pattern and for the bulls to kick in we need a momentum candle close above our neckline, then a movement higher would be expected.
And as usual 1-2 Risk to Reward ratio from a risk management perspective.
If you like this kind of analysis don't forget to like and follow
and as usual follow your trading plan and manage your risk.
Be patient and good luck!
If you like the idea, do not forget to support with a like and follow.
EURUSD, QUICK UPDATE
As we can see price is still overall bearish trading inside this channel, and price is sitting around our lower bound of this channel, where we will be looking for new longs.
However, after this bearish movement, price formed a clean inverse head and shoulders pattern and for the bulls to kick in we need a momentum candle close above our neckline, then a movement higher would be expected.
And as usual 1-2 Risk to Reward ratio from a risk management perspective.
If you like this kind of analysis don't forget to like and follow
and as usual follow your trading plan and manage your risk.
Be patient and good luck!
Telegram channel:
t.me/Snipers_F_x
t.me/Snipers_F_x
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