We're buyers for now | 18 May 2023

18 May 2023, EUR/USD

We're buyers for now

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

Bob Stan
Agree with the review?
Traders' opinion:
Close
ปูมบันทึกอยู่ใน
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .
manager photo manager photo
Online-support
We will be pleased to answer any questions you may have

Write

Get bonus