-continuation of bullish momentum -monthly/weekly are bullish -HL's still being created -price is sitting on support(blue zone) -inverted head and shoulders
Note**I never use fibs but it makes sense to in this particular analysis** Overall trend bullish lines up with a fib bounce off the .328 Momentum is bullish as can be seen by the market structures of HH and HL (shown with blue horizontal lines) A good target is 0.33000 I'm a bit worried as wick fishing can cause a downward spike to 0.26000 area before...
if uj fails for the third time to break 108.500 then I see potential sells to the next structure trade is only valid if UJ fails to make HH
eu long my overall bias is short as you can see by the trend but there is always exhaustion after a push so i will counter trend trade this for about 48 pips