EURUSD - inverted head and shoulders in 4h!
**Daily:
-**Overall trend is very bullish
-In my last analysis, I predicted that the price will broke below the key area (green zone) with the head and shoulder pattern and it did.
- Currently, the price bounce back up on the 1.9500 key area (grey box) with bullish engulfing candle.
- MACD shows bearish momentum started to weaken.
- I expect the market will continue its bullish trend.
**4H:
-**Everything remains bearish!
- Strong impulse bullish candle is formed from the 1.9500 key structure (grey box).
- MACD started to show sign of bullish momentum.
**What to do now? When to buy?**
- I expect the 4h and 1h chart will form the inverted head and shoulder pattern. If it did, monitor price action closely and buy.
- If the above case did not happened, wait for the breakout at 1.2000 key structure (green zone) to buy.
- If everything continue to go down, no trade shall be enter.
Good luck traders!
-**Overall trend is very bullish
-In my last analysis, I predicted that the price will broke below the key area (green zone) with the head and shoulder pattern and it did.
- Currently, the price bounce back up on the 1.9500 key area (grey box) with bullish engulfing candle.
- MACD shows bearish momentum started to weaken.
- I expect the market will continue its bullish trend.
**4H:
-**Everything remains bearish!
- Strong impulse bullish candle is formed from the 1.9500 key structure (grey box).
- MACD started to show sign of bullish momentum.
**What to do now? When to buy?**
- I expect the 4h and 1h chart will form the inverted head and shoulder pattern. If it did, monitor price action closely and buy.
- If the above case did not happened, wait for the breakout at 1.2000 key structure (green zone) to buy.
- If everything continue to go down, no trade shall be enter.
Good luck traders!
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