EUR/USD H4 Inside Bar, At Resistance but with Bullish Momentum
Following on from the Weekly charts posted this week, we are buying anything Bullish.
The Price Action is showing a consolidation under a Resistance area and a 00 number ie 1.3400
If we break higher with Momentum and close above 1.3400 the chart will become very Bullish.
A Stop still below the range is preferable, as it's Friday tomorrow and you don't want to give back all of todays winnings in 1 day, should the Price come back down to test Support
The Price Action is showing a consolidation under a Resistance area and a 00 number ie 1.3400
If we break higher with Momentum and close above 1.3400 the chart will become very Bullish.
A Stop still below the range is preferable, as it's Friday tomorrow and you don't want to give back all of todays winnings in 1 day, should the Price come back down to test Support