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EURUSD 4H Wave Analysis

Oleh Phils_Ocean

Market moved to the upside on Friday, after in made a nice Fakeout below bullish mother bar. See my last analysis to get better understanding on how to trade the market.

Now we'll wait, just set SL according to market conditions and look for other opportunities.

  • Market made higher highs and higher lows
  • Large ABC correction with flat wave B and extended wave C
  • Nice fakeout made at last low and 61% Fib level
  • & Weekly inside bar fake breakout!
  • Bullish engulfing 4H price action pattern
Chart PatternspriceactionTrend AnalysisWave Analysis
Phils_Ocean

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