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Timing_is_key
Jul 13, 2015 3:11 AM

EU Daily Looking bullish with confluence! Long

Euro Fx/U.S. DollarFXCM

Description

Hello everyone,

My idea today is that this bullish retracement may have more legs to it. Based on some confluence factors around a possible 50% Retrace Support Holding from the two previous apposing swings as illustrated. There are also multiple time and price elements ( Some not shown ) on the chart supporting this view including my experimental TIK fork together with a traditional Schiff pitchfork nailing the Pin Bar beautifully. There are also higher bottoms indicating the bears are losing the battle.

Let's see how this unfolds
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