(chart is messy for examples, sry) Bullish case for the short term EURUSD. EURUSD bull trend since oct 3rd. From oct 26th-27th we had a 0.78 retracement. Then we had the next pop higher. If we seen a short term high take place, then the next 0.78 retracement falls inline with an in-balance/fvg around the 1.05500 price which is also a psychological number being its just a full number, easy, right on the dot. Ill be looking for a trade at this level if it holds. My 1st tp will be around 1.05894. 2nd TP will be around the 1.06032 lvl.
Keep in mind there is also another smaller in-balance/fvg from the 26th around level 1.05330 level. So watch in case the in-balance from above gets broken through, we may see support at this level.
Keep in mind there is also another smaller in-balance/fvg from the 26th around level 1.05330 level. So watch in case the in-balance from above gets broken through, we may see support at this level.