forextidings

Is it the right time to buy EURUSD?

Long
FX:EURUSD   Euro / U.S. Dollar
As per the support & resistance trendline, EURUSD is moving slightly upside.  

The last candle is running at the control price. Its a pullback here. Now pay attention to the support trendline B. If it breaks down, there will be a fall up to the support trendline A
It means it's a boom. 
As I explained, It may fall for 1.18260-1.18000 levels below.

But it shows the breakout of control price and which indicates the uptrend. According to the Stoch RSI, EURUSD will not be in a downtrend. 
By this, It concludes that T1 and T2 are the initiates of buying positions.

Comments

That not looking like a head and shoulders to you?
Reply
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