Here's my idea on the EURUSD pair should we see a break to the upside on the descending channel/ pennant on higher time frames.
* from the weekly chart on the pair it broke out of a descending channel and pushed up consolidating in a pennant formation which may signal continuation to the upside. * on the daily chart waiting for a break above the descending channel / pennant targeting resistance level 1.15911 swing. * if the descending channel holds the trading plan changes but for now looking for a break above as most time frames are signalling bulls favor.
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EURUSD WEEKLY
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broke above structure now a significant move to the upside has launched this is the trigger for the signal.