Hello ! today on this analysis we have a flag that came from a explosive bullish move from EURUSD. We can expect the price to swing inside the flag before it continues to go up.
For now we can see that price is going to hit the beautiful resistance and maybe it will go down to respect the flag... let's see
If the price is closing below the support - the blue line - we can expect the price action to continuing going down due to the bigger picture - bearish engulfing and momentum support -
However this blue line is a weekly support so if the price is closing above, we'll what's happen when the price gonna do a pullback
I would like to see a tweezer top on this H1 sequence. We are still in a bearish tendency and you can see that the support is just below. If we can get below the support, we can have a beautiful continuation pattern on the bigger picture
We have a beautiful bullish monster here and we can see that the price want to close above the resistance. If the the price follow the plan, we can expect to enter and make some good profits.
If you look on the H4 you can see that the bulls have a momentum in this sequence. So we could make some good profits until the next session.
Cheers