About meMy name is Daryl Bosch and I am the creator of The Samurai Method. I have been trading the Forex market for more than 6 years. I am a Forex mentor and I teach my method @ www.the-samurai-method.com. I speak English and Spanish
This is a Nodachi pattern on EUR/USD. The Nodachi is a very peculiar formation that give us a counter trend opportunity with an excellent RRR. This structure forms when the market is already extended and possibly looking for a retracement or a reversal on the trend direction.
EUR/USD is forming a beautiful Hizukuri Pattern. If the 4H candle closes above the -15 degree angle, then we will have a great opportunity to buy as long as the pair provides us with a good risk reward.