As you might be aware, there is a inverse relationship between USD and EUR. When USD is up, EUR goes down and vice versa.
Now, on the day chart, we see there is a nice inverse H&S pattern displayed. Moving to a smaller timeframe, 4H, the inner bearish trend line (red dotted line)has been broken.
So, we can take a long position here. When it hit the 1.09 price level area, it might retrace upon hitting the main bearish trend line (red) so it does not necessarily means the price action will work out as shown on my chart.
SL can be 1.08169 area , somewhere close to the inner bearish line.
Now, on the day chart, we see there is a nice inverse H&S pattern displayed. Moving to a smaller timeframe, 4H, the inner bearish trend line (red dotted line)has been broken.
So, we can take a long position here. When it hit the 1.09 price level area, it might retrace upon hitting the main bearish trend line (red) so it does not necessarily means the price action will work out as shown on my chart.
SL can be 1.08169 area , somewhere close to the inner bearish line.
交易進行
long
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