ThinkingAntsOk
Long

Top and Bottom Analysis on EURUSD by ThinkingAntsOk

FX:EURUSD   Euro / U.S. Dollar
Use this as a guide to develop your own setup, and spot the most relevant technical zones on the chart

Main items we see on the 4hs chart:

a)Price made a Beartrap on the lower trendline of the weekly wedge pattern
b)Currently, we can see a possible Flag Pattern on formation
c)If the Flag pattern evolves as expected we should see a bullish movement towards the Support / Resistance Zone
d)We guess that a lot of Long entries will be above that level, so we will expect for a fake-out + corrective formation
e)If the corrective formation is made in the mentioned zone we will develop long setups on a new post

Weekly Chart:

Daily Chart:
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