From last week's analysis, we noted that there is a bullish scallop forming on the 4HR EURUSD Chart.
It seems like even after a week, EURUSD is still following this structure and may push for higher highs until it hits the resistance near the swing high at the yellow rectangle.
I would look for more bullish entries on a lower timeframe until it hits near the resistance level.
Thank you for reading and happy trading!
Disclaimer:
I am not a professional trader, financial/investment advisor, broker and/or dealer. The idea above is strictly based on my opinion and should only be used for entertainment/educational purposes only. Do conduct your own due diligence and do not act solely based on any information conveyed in this Trade Idea.
It seems like even after a week, EURUSD is still following this structure and may push for higher highs until it hits the resistance near the swing high at the yellow rectangle.
I would look for more bullish entries on a lower timeframe until it hits near the resistance level.
Thank you for reading and happy trading!
Disclaimer:
I am not a professional trader, financial/investment advisor, broker and/or dealer. The idea above is strictly based on my opinion and should only be used for entertainment/educational purposes only. Do conduct your own due diligence and do not act solely based on any information conveyed in this Trade Idea.