EURUSD Is It Going to Reverse Up Now ?

2 Jun 2022

Hi traders:

EURUSD is on route to have some bullish reversal price action on the lower time frame and price could be ready very soon for another up move potential.

From the higher time frame, we can see price has now hit the previous swing low, and no further bearish continuation price action.


Instead, a double bottoms has formed, and an inverse Head and Shoulder pattern has also formed.
These are good signs of bullish reversal price action on the lower time frame.

Be on the lookout for a completion of the right shoulder, and look for smaller,
lower time frame continuation corrections to form once it impulse up to confirm and validate the next buy setup.

Thank you