EURUSD – Potential Bullish Reversal!

Only Ugly US Data Could Reverse Sentiment | Gilt Yields In UK Were Steady To Lower

WEEKLY: Left Chart

EURUSD is overall bearish however, it is approaching a strong support zone in blue so we will be looking for buy setups on lower timeframes.


H1: Right Chart

EURUSD is forming an inverse head and shoulders pattern but it is not ready to go yet.


Trigger => For the bulls to take over, we need a momentum candle close above the gray neckline.


Meanwhile, until the buy is activated, EURUSD can still trade lower inside the support or even breaks it downward.

Always follow your trading plan regarding entry, risk management, and trade management.

Good luck!

All Strategies Are Good; If Managed Properly!

~Rich

Only Ugly US Data Could Reverse Sentiment | Gilt Yields In UK Were Steady To Lower

Richard Nasr

- Full-time Trader, Coach, and Founder of theSignalyst with 400+ Students Worldwide.
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