Looking at the 4hour chart of EURUSD, it can be found that an inverted Head and Shoulders is forming as seen drawn on the chart above. This signals very strong bullish movement.
A triangle formation is able to be formed as well in the 4 hour time frame (Not shown here) which corresponds with a bullish movement as it breaks upward from the triangle.
Looking into the smaller time frame (15min), a rectangle pattern has been formed and broken upwards which indicates strong bullish movement.
A triangle formation is able to be formed as well in the 4 hour time frame (Not shown here) which corresponds with a bullish movement as it breaks upward from the triangle.
Looking into the smaller time frame (15min), a rectangle pattern has been formed and broken upwards which indicates strong bullish movement.