- Have a look at my last analysis of EURUSD from last Friday
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- Price made a Fake Breakout to the downside and afterwards its first impulsive move to the upside
- This Monday morning in London session it corrected to 50% Fib level, where our entry was made
- Perfekt 1H Pinbar was formed at 50% Fib level and fake breakout below trendline was quickly bought.
- This 1H pinbar evolved to nice engulfing 4H candle giving us a clue, that market will rise further.
- Market sits currently at last high and the way it approached it, lets m suggest it will advance much higher and even overshoot the previous higher high.
- We should see 1.13 in next weeks
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