💥 EUR/USD Bullish SHS with W pattern 🕷️

2 min read
Nenad Kerkez

Nenad Kerkez

Head of Trading

The EUR/USD has been a bit bullish, breaking out above weekly L3 camarilla pivot, reaching the W H3. Today is a profit taking day, so we could see a retracement before a further bounce. 

1.2468-80 is the first POC zone and the price could make a short-term bounce. However, if we don’t see a break of 1.2520, the price might further drop to 1.2430-45 testing POC2 zone before further up. As with every Friday, the profit taking might just reverse the price, so it could drop further but bullishness should be intact as long as the price holds above the X-cross of a trend line and 78.6 Fib at 1.2435.

EUR/USD H1

 

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ecs.START🎯🎯🎯: Tools, Indicators & Handouts

Our most popular trading tools and wisdom are FREE now. Join and receive a
mix of practical education and actionable trading tools right now.

✅  Fibonacci Sequence Scripts – Wizz*

✅  HA and Fibs Indicators & Handouts

✅  Money Management Tips & more…

*Currently 86% of profit setups at entry after the price hits above the 3d or 4th Wizz level 🚀🚀🚀