


LucidTradingAcademy
PremiumEURUSD has created a normal head and shoulders pattern while reaching a HTF resistance on the weekly/daily. I expect this pattern to be a catalyst to a bearish movement.
EURUSD is forming a price action pattern on the 5 minute timeframe, this pattern usually results in a breakout. I am thinking this breakout will be bullish and result in creating a top wick for the daily candle.
We have reached a HTF support level. On the lower timeframe we have a double bottom with a bullish engulfing candle giving us the confluence needed to enter the trade.
Still in this trade, I entered about 1.5 weeks ago based on the weekly bullish trendline. Now on the lower timeframes ( 4hr, 1hr, 30m ) we can see a nice pattern formation being formed. I believe it will continue bullish based on the weekly trendline confluence.
USDCAD has hit the monthly bullish trendline as well as support area for confluence. I will be keeping an eye on this on the LTF to manage my position.