EURUSD Buy opportunity @ 1.1055

2019-11-06 02:44:41

Looking for a C finished move around 1.1025 - 1.1055 for a Leg back up to 1.1175 or 1.12

If we make it to 1.12 and hold then I see us shooting to 1.1275 - 1.13

4Hr breakout and retest is in progress for the daily frame. This would also lineup with 50 - 61% Fib pullback from A to B.

So overall buyers are eyes 1.0980 to 1.1030 for a buy curve to show in order for trend to continue bullish. Lets see if this 4HR double top gives us an INV head n shoulder upward. A rejection at 1.1115 will give us a deeper pull down and can take us 78-88% close to point A vector price zone where we bounced up to B. Keep an eye on the DXY chart to see how the dollar index is doing to go along with this idea.

As always trade safely everyone. Manage Risk. Much love.