EUR/USD: STUDY ON THE CURRENT MAJOR PATTERN - INVERSE H&S
The past action on this currency pair
EURUSD
has assembled for us, with precision, the moves in which occurred during the formation of this Major Pattern.
As price is currently intersecting with the Neckline, we must first way for a clear sight of price closing considerably above it. Buy after the confirmation, and read this until the end.
Moreover, a heavy volume formulates along with this intersection, giving us one more clear signal that price will continue advance.
In addition, the successive formation of that pattern comes along with a re-test on the neckline. This re-test may be interpreted as another buy signal.
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I am João, and I am 13 years old. Feel free to offer an additional insight or correction into what is explained above.
Happy Trading!
EURUSD
has assembled for us, with precision, the moves in which occurred during the formation of this Major Pattern. As price is currently intersecting with the Neckline, we must first way for a clear sight of price closing considerably above it. Buy after the confirmation, and read this until the end.
Moreover, a heavy volume formulates along with this intersection, giving us one more clear signal that price will continue advance.
In addition, the successive formation of that pattern comes along with a re-test on the neckline. This re-test may be interpreted as another buy signal.
-
I am João, and I am 13 years old. Feel free to offer an additional insight or correction into what is explained above.
Happy Trading!
Comment:
Sorry! I forgot to hide the text from a previous Technical Analysis study I made (it's not published). Please, disconsider it.