eurusd h1
update
1.16420
If price climbs ABOVE it →
→ CHOCH UP
→ first confirmation of a bullish reversal
→ the wedge begins to expand upward
→ the market will go to test:
R: 1.16578
R: 1.16720
If price REJECTS 1.16420 →
→ continuation inside the wedge
→ another test of the lower red boundary
→ possible BOS DOWN below 1.16277 → drop to 1.16175
RANGE 1.16420 – 1.16277
update
1.16420
If price climbs ABOVE it →
→ CHOCH UP
→ first confirmation of a bullish reversal
→ the wedge begins to expand upward
→ the market will go to test:
If price REJECTS 1.16420 →
→ continuation inside the wedge
→ another test of the lower red boundary
→ possible BOS DOWN below 1.16277 → drop to 1.16175
RANGE 1.16420 – 1.16277
Trendlines H1,H4, SMC