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reubenroyal
Jun 20, 2020 11:28 PM

8H EUR/USD POSSIBLE LONG SCENARIO Long

Euro Fx/U.S. DollarFXCM

Description

EUR/USD has been bullish and we now see a cup and handle pattern forming on Daily chart, 4H and 8H charts which the handle portion is forming and we could see a potential reversal to the upside soon. DXY is about to encounter an ascending trendline which could lend to the evidence. Only thing to do now is wait for confirmation / bullish rejection at this zone for evidence to entry.

Finally, we have a bullish wedge pattern forming as the "handle" portion.

Comments
mortdiggiddy
Nice. Comparing 2009 to today.

reubenroyal
@mortdiggiddy, Yes I believe upside is likely
usmannazeer786b
Wao. What a forcast.
reubenroyal
@usmannazeer786b, Thank you
suhaimi39
Thanks for sharing
reubenroyal
@suhaimi39, You're welcome, thank you for checking it out.
dionvuletich
well spotted, I don't trade these but I can see opportunities in there - thank you
reubenroyal
@dionvuletich, you're welcome. Thanks for the support
n4nd14hm
Thank you for your opinion ....eurusd at my radar...
reubenroyal
@n4nd14hm, thank you for the support. You're welcome
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