As you can see in the chart above EURUSD Started forming its first shoulder on July 23, this means if the inversed head and shoulders pattern were to be confirmed and it pushed to the upside that would make it a 2 and a half month long head and shoulders pattern. If EU were to remain heading downward it may end up bouncing off support and form a double bottom. EU is currently right under 50 ema with the last candle being a inversed hammer and red on the EMA cloud.
Please Message me if anyone would like to talk about Currency pairs or Crypto
This idea is just me putting out there another confirmation to remain bullish on EU this is me not in any way trying to tell the future
Please Message me if anyone would like to talk about Currency pairs or Crypto
This idea is just me putting out there another confirmation to remain bullish on EU this is me not in any way trying to tell the future
