Trade Ideas to Follow This Week
EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/USD: bullish "High Wave"
2019-11-11 • Updated
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.
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.
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