EURUSD Long Idea
The monthly and weekly timeframes are bearish while the daily and 4hour timeframes are bullish
Currently looking for a breakout out of this daily bullish flag but we can clearly see two potential scenarios for price action:
1.Price action breaks and retests 1.12500 confirming a higher low which we will enter on and target higher toward significant resistance like 1.13500 & 1.15000
2.Price action fails to push higher and breaks significant support around 1.12000. Look to enter on a retest followed by strong bearish setups and target lower toward our weekly support around 1.10450
The monthly and weekly timeframes are bearish while the daily and 4hour timeframes are bullish
Currently looking for a breakout out of this daily bullish flag but we can clearly see two potential scenarios for price action:
1.Price action breaks and retests 1.12500 confirming a higher low which we will enter on and target higher toward significant resistance like 1.13500 & 1.15000
2.Price action fails to push higher and breaks significant support around 1.12000. Look to enter on a retest followed by strong bearish setups and target lower toward our weekly support around 1.10450