RaynLim

EURUSD-Weekly Market Analysis-May21,Wk4

Long
FX:EURUSD   Euro / U.S. Dollar
The good news for trend traders, EURUSD is on a bullish trend on all 3 timeframes. On the 1-hourly timeframe, I'm waiting for a Bullish Bat pattern confirmation for a buying opportunity. For this Bat Pattern setup, a candle confirmation is needed as Point C touches Point A.

My student has a different trade plan but same view on the setup and has took advantage of it. Link at the bottom if you are interest to read what he is up to.

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