on the eur usd, long term movement is definitely bullish on the weekly and daily timeframe. Price seems to have made a large impulse move while being driven out from that huge resistance zone and has made a corrective move on the previous support zone which was also respected from previous data.
Delving into the daily/4hr chart, price made an abcd pattern so I am waiting for breakout to retest that "SUPPORT ZONE" and go long from there on.
Only going to take profit from the next minor resistance line because I believe that the market will become choppy with no indication of a clear momentum. However, if the opposite decides to happen than I will be looking to take profit to the huge resistance zone.
Delving into the daily/4hr chart, price made an abcd pattern so I am waiting for breakout to retest that "SUPPORT ZONE" and go long from there on.
Only going to take profit from the next minor resistance line because I believe that the market will become choppy with no indication of a clear momentum. However, if the opposite decides to happen than I will be looking to take profit to the huge resistance zone.
