EURUSD may revisit 1.23 lvl : confirmed by several trading tools

We can observe that a wedge was formed , broken up and then retested but price rejected it (as well as the .786 fib lvl)


also GBPUSD keep forming higher lows and higher highs
while EURUSD is in a downtrend
also sterling have retested is ATH while euro
keep stuck at bottom

this latence between the two correlated pairs may confirm that euros will probably form a new wave going up

therefore we can enter long right now and aim for 1:2 and higher OR finding a better setup within lower TF. enjoying the next ride to 1.23
SL below the doji in both cases

Kommentera:

V shape validating the higher TF setup

Kommentera:

took half profit at this resistance

letting the rest run