David.Cooper

David.Cooper

EURUSD has been falling hard recently, if there is a trendline bounce along with the plotted SR touch a breakout could occur for the corrective wave channel. Look for a retest of the breakout and short.

David.Cooper

4 hour long term fib retreacment (50%) with divergence on the MACD 4C

David.Cooper

Depending on where price makes its moves we could see a breakout of the trendline with divergence confirmation. If price continues to push higher we could see price extend to previous resistance

David.Cooper

If the price breaksout of the bullish channel with an area of consolidation or a pullback to the previous SR zones for a last kiss we can expect a sell. If not, the price could continue to make higher highers and get rejected at the trendline. Divergence can be seen on the MACD 4C confirming the halting trend.