EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/USD: 'Three Methods' pattern
2019-11-11 • Updated
There's a 'Three Methods' pattern, which has been formed under the upper 'Window'. In this case, we should keep an eye on the closest resistance at 1.1309 as a possible departure point for a decline in the direction of the next support at 1.1231.
We've got a bullish 'Hammer', but this pattern remains unconfirmed. In this case, it's likely that the price is going to test the nearest resistance at 1.1309 shortly. The subsequent pullback from this level will bring more evidence that the bearish trend is still in force.
This week, there are a few high-probability trade ideas I'd like to recommend to you. Trading these setups, be sure to implement a proper risk management approach.
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