EURUSD Buy Idea:
2020-01-09 00:02:14
W1 - Special or triple cycle completed, currently it looks like a retrace is happening, downtrend line breakout, bullish divergence. Price still has room higher towards 38.2% - 50% fibonacci retrace zone.
D1 - Bullish trend pattern (3 higher highs, higher lows structure) we may now look for pullbacks and then buys.
H4 - Currently it looks like a pullback is happening and based on the fibonacci expansion levels of the first wave we have an important support zone has formed. Potential bullish divergence, once the price reaches this zone we may then look for bullish setups with more bullish evidences in order to join the bulls.