EURUSD H4 Analysis:
Still in Daily Bear Channel
Strong bull leg, 2nd leg up likely
Bulls want pullback to enter and reduce risk
Bulls passed the middle line of bear channel
Overshoot of bull channel, reversed down after 3 bars
Bulls may enter lower
50% pullback + May 4 High may be tested by bears
Final target for bulls can be bear trend line(Daily Channel)
Always in long
Still in Daily Bear Channel
Strong bull leg, 2nd leg up likely
Bulls want pullback to enter and reduce risk
Bulls passed the middle line of bear channel
Overshoot of bull channel, reversed down after 3 bars
Bulls may enter lower
50% pullback + May 4 High may be tested by bears
Final target for bulls can be bear trend line(Daily Channel)
Always in long