#EURUSD (1H):
Even though he had an head and shoulder forming on the a lower timeframe, the bigger picture is what i'm focusing on.
This to me is showing that the current price action is actually a correction move, forming a falling wedge, which could be getting ready to explode to the upside, if current support holds.
The reason of my bias is the last weekly candle, which is a strong bullish engulfing.
Still, confirmation is needed
Even though he had an head and shoulder forming on the a lower timeframe, the bigger picture is what i'm focusing on.
This to me is showing that the current price action is actually a correction move, forming a falling wedge, which could be getting ready to explode to the upside, if current support holds.
The reason of my bias is the last weekly candle, which is a strong bullish engulfing.
Still, confirmation is needed
Trade active:
The price came back for a retest and formed a strong bullish candle. This confirmed our entry, currently floating at BE