EURUSD Head & Shoulders Pattern/Long Term Buy Opportunity
EURUSD is heading down towards the weekly support at around 1.16414 then I expect that it would then go back up towards 1.20850 and could then either form a pattern or could go over and continue to go up towards the weekly at 1.25701.
Looking at the indicators such as the and also on the Weekly chart, the looks as if it’s heading towards the 30 mark and the is already below 20. If the gets below 30 (Oversold Zone) and then the blue line crosses the and is now on top of the red line then expect that it would go up.
You could place shorter terms trades on M15 in between to make money as the market moves around