EURUSD H4 Analysis:
Still in Daily Bear Channel
Bear Breakout of TR(Triangle)
Can be final bear flag and final leg of bear trend
Overshoot of bear channel line, 75% chance of reversal up
Reversal up happened
11 May high got tested by bulls
Strong bull leg, 2nd leg up likely
Bulls want pullback to enter and reduce risk
Still in Daily Bear Channel
Bear Breakout of TR(Triangle)
Can be final bear flag and final leg of bear trend
Overshoot of bear channel line, 75% chance of reversal up
Reversal up happened
11 May high got tested by bulls
Strong bull leg, 2nd leg up likely
Bulls want pullback to enter and reduce risk