Quick eur/usd follow up
Lets have a quick look at eur/usd.
I wrote about eur/usd recently. Situation here is interesting on weekly timeframe – price closed above cloud. Now it also closed above Kijun-line (which was a resistance). Now we will see if this move is strong enough to attack B point and move higher to one of Fibonacci’s extentension. Weekly eur/usd:
Thanks to that stron move we had a trending conditions on lower timeframe and we could find some good ABCD setups like that one:
Or that one:
Also on other lower timeframes you could find many good setups.