EUR/USD Slingshot Setup for Upside Bounce
May 13, 2020
2 min read
Dear Traders,
The EUR/USD has formed a bullish confluence after the ecs.Oscillator and MA cross confirmed the entry.
The EUR/USD has formed a bullish POC zone within the 1.0850 zone. The price closed with H4 marubozu candle above the daily BB and slingshot has been activated. Targets are 1.0898 and 1.0955. The price needs to stay above W L3 level for bulls to remain in control. Within the POC there is also a W pattern shaping up, adding to the overall bullish potential.
The analysis has been done with the CAMMACD system.
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Many green pips,
Nenad Kerkez aka Tarantula FX
Elite CurrenSea
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