EUR/USD Bullish SHS Pattern on 4H Time Frame

1 min read
tarantula fx

tarantula fx

Head of Trading

Hi traders,

The EUR/USD is close to W H5 but the bullish structure might be unchanged next week.

A close above 1.1580 should be bullish where the 1-2-3 pattern will start to form it’s next leg to the upside. The target will be 1.1630 with a potential for 1.1750 if the price keeps above it. However, a close below 1.1500 will temporarily negate the bullish scenario and we could see a deeper retracement.

Many green pips,
Nenad Kerkez aka Tarantula FX
Elite CurrenSea

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