EURUSD Possible bullish reversal this next week?

Updated

I will keep my description brief as you can see the key areas of the chart in the photo. Right now price has broken and retested successfully an ascending channel pattern. Price is moving with heavy bearish movement down to a key weekly support zone price area of 1.07300- 1.07100. There is what appears to be a broadening descending channel chart pattern forming which is a correctional pattern after heavy bullish movement for a long period of time. If price has a clear break and retest of the Weekly Support Lvl then the bearish momentum will continue which we have seen so much of on 4HR/Daily/W Time frames. I will be looking for longs at this weekly support area. In the mean time for those scalpers. Enjoy catching some very good moves to the upside and downside over this coming week. Happy trading and see you all nest week.

https://www.tradingview.com/x/LoZyvk8c/

Trade active

Dang I missed a beautiful move today even though I posted this last Friday and I still missed it. Strong daily S&R was broken and I expect price to continue around 1.100 and 1.098. If you are not in a trade already. I highly recomend you wait until price reaches these price Lvl and see when a good entry shows itself. Yes bulls are in control right now but until price is broken and retested at Lvl 1.11400 price is really just consolidating and moving side ways on Weekly TF. Just something to be aware of. Please pay close attention to news. NFP will mess everything up especially with interest rates possibly being lowered. Happy Trading.

Trade closed: target reached

RobertTMFX

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