Hi Traders!
EURUSD has a potential inverse head-and-shoulders pattern forming on the 4H chart.
Price Action 📊
Recent higher market swings with higher highs and higher lows, and the market is currently above the 20 EMA.
We are looking for a bullish momentum break above the neckline.
Fundamental Analysis 📰
ECB President Lagarde continued her hawkish stance by repeating that interest rates in the eurozone will remain high for as long as needed.
Support 📉
1.05707: 20 EMA
Resistance 📈
1.05936: NECKLINE
Risk ⚠️
No more than 2% of your capital.
Reward 💰
At least 4% of your capital.
Please make sure to click on the like/boost button 🚀 as your support greatly helps.
Trade safely and responsibly.
BluetonaFX
EURUSD has a potential inverse head-and-shoulders pattern forming on the 4H chart.
Price Action 📊
Recent higher market swings with higher highs and higher lows, and the market is currently above the 20 EMA.
We are looking for a bullish momentum break above the neckline.
Fundamental Analysis 📰
ECB President Lagarde continued her hawkish stance by repeating that interest rates in the eurozone will remain high for as long as needed.
Support 📉
1.05707: 20 EMA
Resistance 📈
1.05936: NECKLINE
Risk ⚠️
No more than 2% of your capital.
Reward 💰
At least 4% of your capital.
Please make sure to click on the like/boost button 🚀 as your support greatly helps.
Trade safely and responsibly.
BluetonaFX
Order cancelled
Entry was not triggered. Pattern failed.
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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.
JOIN OUR FREE TELEGRAM CHANNEL
t.me/bluetonaFX
t.me/bluetonaFX
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.