Double 3nd Pushed in EURUSD / Bullish scenario and Targets / H1
Spike up + Spike down means high balanced trading and both bulls and bears are trying to create channels.
I expect EURUSD to fall down and test the bullish trendline. Now it's near trendline and has double 3nd pushed down ( Wedge ).
Also on 3nd pushed down we have a big and late bear candle that can be sell climax and sign of exhaustion.
Bullish targets will be gray zone first and then higher red zone.
If bears push price lower, golden support zone ( Bottom of Trading Range ) will be bears target.
I expect EURUSD to fall down and test the bullish trendline. Now it's near trendline and has double 3nd pushed down ( Wedge ).
Also on 3nd pushed down we have a big and late bear candle that can be sell climax and sign of exhaustion.
Bullish targets will be gray zone first and then higher red zone.
If bears push price lower, golden support zone ( Bottom of Trading Range ) will be bears target.
Trade closed: target reached:
Non-Farm Employment Change comes out less than forecast so EURUSD pushed up and first target, Gray zone has reached !
