EUR/USD - Buy Idea - SMC - December 2023
The price is still searching for maximums, we expect a continuation of the trend, to show a change in structure (CHOCH) at the 1.08200 level we will begin a deep retreatment and we will look for sales in the following week:
Confirmations:
1️⃣ Bullish breakout with a lot of volume confirming the continuation of the trend.
2️⃣ Liquidity intake to continue the upward trend.
3️⃣ Impulse that takes liquidity from minimums but leaves an imbalance in the price, invalidating the order block and converting the minimum generated into liquidity.
4️⃣ New maximum generated and confirmation of setback due to change in structure in minor temporalities.
5️⃣ Optimal entry waiting for confirmation in M1 - M5
Confirmations:
1️⃣ Bullish breakout with a lot of volume confirming the continuation of the trend.
2️⃣ Liquidity intake to continue the upward trend.
3️⃣ Impulse that takes liquidity from minimums but leaves an imbalance in the price, invalidating the order block and converting the minimum generated into liquidity.
4️⃣ New maximum generated and confirmation of setback due to change in structure in minor temporalities.
5️⃣ Optimal entry waiting for confirmation in M1 - M5
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