EU Swing LONG

11/11/23
WEEKLY TF
- Weekly is likely bullish; three hills one mountain pattern hypothesis.
- Good reaction to the upside that might confirm hypothesis.
- However, there's no confirmation weekly is bullish yet. Cause internal structure is still bearish.
- For weekly internal to be bullish it has to take out the high @1.09456 which will take sometime
- Price is in discount zone and LONGS are likely

DAILY TF
- Daily internal is bullish. Which facilitates weekly hypothesis.
- However, price is in the premium zone
- I will trade what i see but taking into consideration we are in the pull-back phase for bullish continuation.
- LONG TERM speculations are as thus:
- Price will be in PB phase till the 60% FIB level @1.06117
- Price might break this level and hit the 70% level.