#EURUSD:
(1D):
As we can clearly see from the daily chart, the overall market is trending upwards, so our bias is still bullish. Right now the price is in an impulsive phase, also breaking and currently retesting resistance at 1.223.
(4H):
Looking closer, the last flag led to further upside strenght, as you can see by the series of HHs and HLs. Bullish structure is confirmed on the lower TF.
(1H):
Looking for entry, we notice that the price is retesting the daily resistance with a smaller flag pattern (light blue). This gives us a possible bullish opportunity if the setup turns out valid.
(1D):
As we can clearly see from the daily chart, the overall market is trending upwards, so our bias is still bullish. Right now the price is in an impulsive phase, also breaking and currently retesting resistance at 1.223.
(4H):
Looking closer, the last flag led to further upside strenght, as you can see by the series of HHs and HLs. Bullish structure is confirmed on the lower TF.
(1H):
Looking for entry, we notice that the price is retesting the daily resistance with a smaller flag pattern (light blue). This gives us a possible bullish opportunity if the setup turns out valid.