EURONZD had a strong bullish day yesterday. One of the H4 candles made a breakout at the level of 1.72245. The price has been having a downward correction since then. The breakout level has the potential to be the level of support and it may push the price towards the North further.
The buyers would love to see the level is held and it produces an H4 bullish reversal candle to go long. If that happens, it will be an ABC pattern which is one of the most favourites trading patterns among the price action traders. On the other hand, it is often seen intraday selling pressure breaches these levels.
Let us have a poll on this.
Scenario 1: The level will be held and an ABC trading pattern will be formed.
Scenario 2: The level will not be held.
