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Long EURUSD - 5 Reasons
Long EURUSD for the following reasons:
1. Coming up on long-term trendline support
2. Bullish Knoxville Divergence (Momentum Divergence + RSI Oversold) printed on 15m and 1HR charts
3. Price closed above 12 hour trendline
4. Unhit daily pivot and an unhit pivot cluster sit above price, acting as high probability reversion-to-mean targets
5. Elliott Wave count suggests an impending correction
Long term support TL:
Missed/Unht Pivots:
EURUSD for the following reasons:1. Coming up on long-term trendline support
2. Bullish Knoxville Divergence (Momentum Divergence + RSI Oversold) printed on 15m and 1HR charts
3. Price closed above 12 hour trendline
4. Unhit daily pivot and an unhit pivot cluster sit above price, acting as high probability reversion-to-mean targets
5. Elliott Wave count suggests an impending correction
Long term support TL:
Missed/Unht Pivots:
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