EURUSD 4H Diagram Technical Analysis shows the following:
The EURUSD after some consolidates under the KUMO (4h) reacted above Kijun Sen (weakly bullish). MACD is bullish w/divergence and RSI is near 50..
The first think in mind is the approach of KUMO.
There is no special candlestick pattern.
I suppose there is a invert SHS pattern. Respecting to fib there is the 2.618 @ 1.296 that is on the neckline.
Long for KUMO. Stop loss under 1.29 (right s).
The EURUSD after some consolidates under the KUMO (4h) reacted above Kijun Sen (weakly bullish). MACD is bullish w/divergence and RSI is near 50..
The first think in mind is the approach of KUMO.
There is no special candlestick pattern.
I suppose there is a invert SHS pattern. Respecting to fib there is the 2.618 @ 1.296 that is on the neckline.
Long for KUMO. Stop loss under 1.29 (right s).
