20220204 | EURUSD

Updated

After tapping into a 4h extreme supply (bearish trend), on the 15m we start to see a change of character (ChoCh) and tapping into the last demand. In case this demand fails, my bias would turn bearish. If the demand holds, we can still be buyers until price mitigates deeper into the 4hr supply.

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small adjustments:

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Demand is still in control, however, we might still see a drop from this supply area as price is having a nice reaction to it

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Finally an opportunity arises after tapping the upper supply level

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Daniel.Dalo

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