🔸speculative buy/hold setup for EURUSD bulls, currently pullback in progress. bears maintain short-term control until we trigger heavy s/r below market price.
🔸Price chart resembles H*S setup LS/RS at 0900, neckline set at 0550, head at 1000. Currently pullback and drifting lower on auto-pilot, no trade recommended.
🔸Recommended strategy bulls: risk/reward shifts in bulls favor once we hit 0540/0560. bulls get ready to buy low once the pullback is complete. Bulls may target re-test of mirror S/R level (LS=RS) at 0900 later. conservative TP bulls TP1 +150 pips TP2 +300 pips.
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Komen
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slow progress but expecting sell side pressure this Friday