EurUsd Pull BacK? for OANDA:EURUSD by TheForexGuru

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trendanalysis chartpattern indicator eurusd

EU may push higher and touch 1.200 but if price stays below and topping pattern emerges, then we are looking to short with target in the 1.1500 - 1.1600 range.

Comments

Hi. Thanks for your analysis. So you were saying that if the candle/wix hit the 1.19 it will reverse as downturn? Or it will continue its uptrend?

Im looking for a reversal pattern on the 1 and 4 hour tf like double top or head and shoulders. If they form and price stays below 1.20 then we will short.