EURUSD 4H chart Inverse H&S producing a
breakout
Additional confluences:
- Bullish market structure, the price is forming the
pattern around the support range fro m the
previous major high points
- Head of the inverse H&S pouncing from the
0.618 Fib
- MACD produced a Bullish cross a while back and
now it's providing bullish continuation
- Price bounced from the 200 SMA and now it's
above the 20 and 50 EMA. Monitor the 20 and 50
for a Bullish cross
breakout
Additional confluences:
- Bullish market structure, the price is forming the
pattern around the support range fro m the
previous major high points
- Head of the inverse H&S pouncing from the
0.618 Fib
- MACD produced a Bullish cross a while back and
now it's providing bullish continuation
- Price bounced from the 200 SMA and now it's
above the 20 and 50 EMA. Monitor the 20 and 50
for a Bullish cross
Trade active
A bit after the price produced a breakout of the neckline and an entry according to the pattern, it went for a strong correction. After that it recovered and now again it's sitting around the neckline. Lets see how it goes..
Website - rtedinvesting.com/
Free Telegram Channel - t.me/rtedinvestingofficialfreechannel
Free Telegram Channel - t.me/rtedinvestingofficialfreechannel
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.
Website - rtedinvesting.com/
Free Telegram Channel - t.me/rtedinvestingofficialfreechannel
Free Telegram Channel - t.me/rtedinvestingofficialfreechannel
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.