EUR USD M Buy setup
Monthly
Bigger picture: Bull Flag
Last move: Up trend, 3 legs up
Recent move: 2 legs down, EMA, forming A2
Triangle region, LTB acting as resistance and EMA acting as support
Ok buy setup, TP inside triangle region
Bigger picture: Bull Flag
Last move: Up trend, 3 legs up
Recent move: 2 legs down, EMA, forming A2
Triangle region, LTB acting as resistance and EMA acting as support
Ok buy setup, TP inside triangle region
Note
Moreover, a reversal up on the monthly chart would be from a parabolic wedge bull flag that began with the February high. The odds would favor at least a couple legs up and last about a year.
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