EU 4hr candle will pull up to the 50MA and continue DOWN EU has crossed over the 1hr 50MA now headed to the 4hr 50MA where we believe it will be rejected.
Eusetup
EU bounce and Fall to the daily supportEU is at cross road reaching the 1.088 support. We are expecting a bounce and then a fall to the daily support line at 1.078. EU has reached 1.12 and tried to break that zone for weeks and won't be satisfied until it resets down to the daily support.
EU Reversal Anticipation - Long BiasEU outlook.
According to my DXY bias, I'm anticipating higher prices on EUR/USD. I don't believe this is the end of the road for higher prices.
Looking for possible one more fall into the Daily FVG and Weekly iFVG. There is a nice setup for a long already on the lower timeframes, which could pan out before dropping further.
Same thing, anticipating the Monthly Power of 3.
Waiting for confirmation to validate this bias and narrative.
EU Price action playing out as anticipated. It's taken about two weeks but price has finally shown me everything I wanted to see to confidently enter longs on EU. As it's Friday I wont be entering today and will wait for Monday. The red line is what I expect from the 15 min TF. Will look for a 15 min choch to the upside and enter targeting the 4H high
New EURUSD SellGot Stopped out of last EU Sell but looking for this move here. Had great news and tax bill passed. However this pair rallied to the .5 fib from last week's high I believe. It's also respecting a trendline. We'll see how this goes. Good luck if you take this trade! Feel free to comment your thoughts! Could possibly take off bullish from Inverted H&S but I will not buy now because the initial move was missed.
