Hi All,
I think EURUSD is way overdue for a rebound.
On the chart we can see a bullish harmonic pattern (Crab) + an inversed H&S pattern. This seems to be confirmed by a bullish divergence in the RSI indicator which, by the way, is exiting the oversold area and heading north.
Moreover we have a MACD crossover showing that bulls are gaining momentum.
On the W1 chart we can also notice that the price found suport on the 200 MA and now is setting up for a bullish move.
Great Risk/Reward trade.
GL & HF ;)
I think EURUSD is way overdue for a rebound.
On the chart we can see a bullish harmonic pattern (Crab) + an inversed H&S pattern. This seems to be confirmed by a bullish divergence in the RSI indicator which, by the way, is exiting the oversold area and heading north.
Moreover we have a MACD crossover showing that bulls are gaining momentum.
On the W1 chart we can also notice that the price found suport on the 200 MA and now is setting up for a bullish move.
Great Risk/Reward trade.
GL & HF ;)