Long term view EURUSD
In the monthly timeframe downtrend line is broken. And in the weekly timeframe 1.1610 acted as a valley and supporting area and price is forming a new uptrend. In D1 after we reached 1.2170 price started going down maybe to reach 23% Fibonacci retracement.
In the H4 after forming a top @1.2173 and after that a shooting star with a high...
Trading from levels. Channel break at one point. Gives to understand that the price is purposeful will go up. The deal is an analyst for many years. Years that are seen by major players and levels of Love traders. to purchases and sales
The complicated Elliott wave puzzle show us, clearly, what the probable entry level will be for a buy limit on EURUSD on the 1h chart.
We are in full subwave III of the major wave 2. A 38% retracement would not fall below the resistance of the top of the wave I.
A perfect fit for a good bullish restart.