EURUSD Once Again Looking for Buys from the bottom

5 окт. 2021 г.

Hello everyone:

Been quite busy these days and not much time to write out analysis, mostly doing the live stream as a way to share outlook and forecast.

Here on EURUSD, its nice to start seeing potential bullish opportunity once again.

From my previous buy forecast, price indeed had the bullish up move, but didn't continue further, instead it had some reversal down from about 1.19.

Now, the price has move down correctively within a descending channel on the lower time frame, and hitting a potential higher time frame double bottoms. These are all good signs of a bullish reversal price action.

To confirm the upside, we must wait for clean bullish impulse up, breaking out of the LTF descending channel, and wait for continuation correction to form and complete for the next buy entry.

thank you

5 окт. 2021 г.

Заметка

Higher Time Frame:

5 окт. 2021 г.

Заметка

Price will need to confirm impulse up and out of the descending channel first before consider an entry if continuation correction forms