Trade Ideas to Follow This Week
EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/USD: "High Wave" stopped bulls
2019-11-11 • Updated
There are bearish patterns such are a "Tower" and a "Shooting Star", which both have been confirmed enough. Therefore, the market is likely going to test the 34 Moving Average in the short term. If we see a pullback from this line, there'll be an opportunity to have another upward price movement.
We've got a bearish "High Wave" pattern, which has strong confirmation. In this case, the price is likely going to decline in the direction of the last low in the coming hours.
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