EURUSD: How to Catch Bullish Wave?

19 de jan. de 2021

EURUSD is stuck on a local horizontal daily support level.
On that, the price has formed a nice dodji candle.
Though it is an important reversal clue, we must consider lower time frame analysis as well.

To buy wisely, we must consider a falling wedge pattern on 4H.
For now, its resistance serves as a resort for sellers.
We need to wait for its bullish breakout first (4H candle close above), only then we can initiate a buying order.

Goals - 1.215 / 1.22

In case of a daily violation of a yellow zone to the downside, setup will be invalid.

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