We're buyers for now | 18 May 2023
18 May 2023, EUR/USD
EURUSD is currently in a corrective phase (ABC corrective pattern). This pair is currently very bullish. If we can check on the lower timeframe, a 15-minute timeframe to be specific we can see that the price has already formed an inverse head and shoulder pattern which is a bullish reversal pattern. The formation of this pattern confirms that this pair is currently very bullish. We can place buy orders now with our take profit at minor wave a (1.0890) and stop loss at 1.0834. Ensure you use proper risk management.
Trade Recommendations:
We're buyers for now
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
