EUR/USD: bulls made a stop

EUR/USD: bulls made a stop

2019-11-11 • Updated


BUY 1.1710

SL 1.1655

TP1 1.1780 TP2 1.1880 TP3 1.2035

On the daily chart, EUR/USD keeps forming a “Shakeout-Fakeout” pattern. If bulls manage to keep the pair above 1.1630 test resistance at 1.1710 for the second time (38.2% of the long-term bullish wave), the odds of reaching 88.6% target of the “Shark” will increase. 

EURUSD D1.png  

On H1, EUR/USD formed a “Wolfe waves” pattern. Conservative approach implies buying on the break of the diagonal resistance at 2-4. It’s the upper border of the “Spike and ledge”.



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