In the 4-hour time frame, EURUSD has shifted to an upward trend, as it has formed higher highs and higher lows.
Note
when the price rises to the SUPPLY zone for 4 hours. Then the price dropped sharply back to the 4h DEMAND zone.Trade closed: target reached
The price went according to plan and today broke the SwingHigh of the 4h time frame to continue the main trendNote
This is a strong bullish Swing structure after a CHOCH signal, followed by a BOS signal confirming a trend reversal.Note
The wave structure has a confirmed reversal
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.