EUR/USD - POTENTIAL LONG SETUP
MONTHLY:
- JANUARY DOJI CANDLE SHOWING INDECISION
- EMAS HAVE HAD A BEARISH CROSSOVER
- WE ARE DUE A LOWER HIGH FOLLOWING THE LONG TERM TREND
WEEKLY:
- BROKEN THE DESCENDING TREND LINE
- WE ARE STARTING TO BREAK THE 50EMA
- GOOD BULLISH WEEKLY CANDLE PUSHING US IN THE RIGHT DIRECTION TO FOLLOW THE TREND
- BREAK AND RETEST OF THE 1.1135 LEVEL OF SUPPORT
DAILY:
- NEW FIBONACCI AWAITING A RETRACEMENT
- PRICE IS ABOVE THE 200EMA AND EMAS ARE NOW CONVERGING
- HIT THE PRIOR WEEKLY ASCENDING CHANNEL BOTTOM AND BEEN CAPPED
- NOW HAD A TOUCH OF 50% & 50EMA BOUNCE
H4:
- INSIDE BAR IN YELLOW FOR A POTENTIAL ENTRY
- JANUARY DOJI CANDLE SHOWING INDECISION
- EMAS HAVE HAD A BEARISH CROSSOVER
- WE ARE DUE A LOWER HIGH FOLLOWING THE LONG TERM TREND
WEEKLY:
- BROKEN THE DESCENDING TREND LINE
- WE ARE STARTING TO BREAK THE 50EMA
- GOOD BULLISH WEEKLY CANDLE PUSHING US IN THE RIGHT DIRECTION TO FOLLOW THE TREND
- BREAK AND RETEST OF THE 1.1135 LEVEL OF SUPPORT
DAILY:
- NEW FIBONACCI AWAITING A RETRACEMENT
- PRICE IS ABOVE THE 200EMA AND EMAS ARE NOW CONVERGING
- HIT THE PRIOR WEEKLY ASCENDING CHANNEL BOTTOM AND BEEN CAPPED
- NOW HAD A TOUCH OF 50% & 50EMA BOUNCE
H4:
- INSIDE BAR IN YELLOW FOR A POTENTIAL ENTRY
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