tyrek_l

Price is Bullish

Long
OANDA:EURUSD   Euro / U.S. Dollar
Price is technically bullish. I expect price to take a break and retrace to nearest support before having a strong bullish uprising. As seen on the chart price is rebounding between trend line and the hour intersecting line. Forming a sideways triangle which is typically a neutral pattern, However trend line was drawn a higher time frame so in my opinion the bulls supersede the neutrality of the pattern until im shown otherwise. Its good to stay conservative on this one.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.