EURUSD, H-S&TrendLineBroken&PriceAction, 4H-1H, Buy
We see alot of pattern on chart.
1) Price is on inverse H-S pattern right shoulder. So if price closes above 1.171 level there can be buy opportunity. if this happens we should follow 1st way. But when price comes 1.18800 we will check again. if price closed above 1.18800 level, we will follow 2nd way.
2) on 1H chart price broke trend line and retest finished. Therefore there can be buy opportunity. if price goes to north follow 1st and 2nd way. When ab=cd complete we can close buy position. if price continues to go north we will enter buy position again to follow 2nd way. Also this idea supports first idea(inverse H-S).
3)Contrary to all of this, if the price closes below 1.16170, there can be sell opportunity.
in addition we see engulfing pattern on daily chart and pinbar on weekly chart. If pice follow 2nd way H-S pattern will be completed on weekly chart.
1) Price is on inverse H-S pattern right shoulder. So if price closes above 1.171 level there can be buy opportunity. if this happens we should follow 1st way. But when price comes 1.18800 we will check again. if price closed above 1.18800 level, we will follow 2nd way.
2) on 1H chart price broke trend line and retest finished. Therefore there can be buy opportunity. if price goes to north follow 1st and 2nd way. When ab=cd complete we can close buy position. if price continues to go north we will enter buy position again to follow 2nd way. Also this idea supports first idea(inverse H-S).
3)Contrary to all of this, if the price closes below 1.16170, there can be sell opportunity.
in addition we see engulfing pattern on daily chart and pinbar on weekly chart. If pice follow 2nd way H-S pattern will be completed on weekly chart.
Trade active
Trade closed: target reached:
TP1 155 pips