EURUSD BULLISH FOR NEXT FEW DAYS- HEAD AND SHOULDERS
Ahead and shoulders pattern is also a trend reversal formation. It is formed by a peak (shoulder), followed by a higher peak (head), and then another lower peak (shoulder). A “neckline” is drawn by connecting the lowest points of the two troughs. The slope of this line can either be up or down. Source (babypips.com/learn/forex/head-and-shoulders)
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Hello,
After the market hit support of wedge, we can notice the EURUSD dollars keep go up and give us a feel this bullish is strong.
According to my technical analysis, the EURUSD is building head and shoulders patterns that will break the wedge we are built for a few months.
So, I will recommend looking for a long position during those next days until we reach the resistance of wedge.
-------------------------------EURUSD----------------
Hello,
After the market hit support of wedge, we can notice the EURUSD dollars keep go up and give us a feel this bullish is strong.
According to my technical analysis, the EURUSD is building head and shoulders patterns that will break the wedge we are built for a few months.
So, I will recommend looking for a long position during those next days until we reach the resistance of wedge.
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