EURUSD Bullish scenarios (15m/4H)Looking at the current market structure and how the price has been reacting to key pivot points (marked with the Fib levels) I'm receiving some strong buying signals.
So far we have:
Bullish divergence in both 15m and 1H.
Bearish divergence in 15m (usually happens at the end of the 3rd and 5th wave)
The price did a liquidity grab at key levels of the 5th wave and it is likely that I won't go below that level, unless sellers gain more strength
Both my bearish and bullish scenarios are giving me buying signals at current levels (Elliott Waves + BOS & CHoCH on higher/lower time-frames)
If the price goes below 1.0426 the entire bullish outlook is invalidated.