EUR/USD: bullish "High Wave"

EUR/USD: bullish "High Wave"

0503eurusdH4 (2).png

The last "Inverted Hammet" and "High Wave" patterns led to the current upward price movement. Also, there's a bearish "High Wave", which hasn't been confirmed yet. Therefore, the price is likely going to test the closest resistance, which could be a departure point for a downward correction.

0503eurusdH1 (2).png

There's a confirmed bullish "Hammer", so the market is likely going to test the next resistance area in the coming hours. Meanwhile, if any reversal pattern forms little later on, there'll be a moment for a bearish correction.



Latest news

GBP/USD: pound entered into channel Tenkan-Kijun

Bullish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with horizontal lines; the market is under strong resistance and prices entered into the channel Tenkan-Kijun.


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