EURUSD - TDA (Top Down Analysis)Starting with the daily, we can see price action managed to pullback to the 78.6% from the most recent bullish impulse to the upside.
I'm not suspecting we may get a continuation impulse towards my target as displayed on the chart.
== 4Hr ==
* Price action holding above the 21 MA
* Support buffer between the 61.8 and 78.6 Fib levels
* RSI maintains bullish momentum
== 1Hr ==
* Wedge formation with 2 solid rejections candles in both directions
* Waiting for breakout
== 15min ==
* RSI Breaks above 60 with many holds above 40
* Maintaining ascending channel
== IN SUMMARY ==
Waiting for bullish breakout on small timeframe to confirm my bullish setup towards the daily target as mentioned in the opening.
