Bulls are controlling the market for now. There are no bear strength that could mess their goal from pushing price higher. Strong bullish candles over smaller bearish shows us that we could see price more higher. The next resistance is at 1.12806. Current bearish Pinbar could make a small pullback to 1.11871 level where it could find support for further move up.
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Today is Friday and it is a day when I do not want to trade to much. From this point price have a chance reaching next resistance level at 1.11091 if bulls can find strength. There is also a chance we see price pulling back to the support level 1.10373 if the bulls move out from the market.
EURUSD W3 MAY 2020 Long Setup ABCDE Triangle Correction A_Wave 5 waves up B_Wave ABC down C_Wave 5 waves up D_Wave ABC down E_Wave Expecting a 5 waves move up with ~120pips target
Buy-Setup will be only above 1.09398 LH . I will update where to buy if & only price cross above 1.09398 L H. in the timeline --> Sellers can continue as per projection on the chart. If you want any query, kindly write in the comment section . 4hrs chart: Junction/ Decisive point for direction. Wave Started downward.
EURUSD Short Setup • Possible movement ONLY if there's a rejection off this trendline • 2 targets in play