EURUSD is forming a potential inverse head-and-shoulders just above a 4H fair value gap (FVG).
We expect one more dip toward the 1.1580–1.1595 zone to complete the right shoulder and tap demand.
From there, a breakout above the descending trendline can target 1.1740 next.
The key here is watching the reaction after the FVG test — if buyers step in strong, we ride it up.
We expect one more dip toward the 1.1580–1.1595 zone to complete the right shoulder and tap demand.
From there, a breakout above the descending trendline can target 1.1740 next.
The key here is watching the reaction after the FVG test — if buyers step in strong, we ride it up.
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iSmashProfit
Related publications
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.