EUR/USD 1H - As you all know I am looking to take this market long as soon as price has given us the confluence and confirmation needed in order to take it long.
I want to see price trade down and into a relevant area of Demand in order to deem us a refined entry, once price trades down and into the Demand Zone we then want to see relevant breaks in structure.
This is because a break in the structure that traded price down, the correction, would essentially confirm to us that it has come to an end and enough Demand has been introduced to see the market now trade higher.
Once we have the break in structure and we have the confirmation needed, its then a case of waiting for price to pullback, trading into a more refined area of interest, this is where we enter from.
I want to see price trade down and into a relevant area of Demand in order to deem us a refined entry, once price trades down and into the Demand Zone we then want to see relevant breaks in structure.
This is because a break in the structure that traded price down, the correction, would essentially confirm to us that it has come to an end and enough Demand has been introduced to see the market now trade higher.
Once we have the break in structure and we have the confirmation needed, its then a case of waiting for price to pullback, trading into a more refined area of interest, this is where we enter from.
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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.