Bullish sentiment on EURUSD
My bullish sentiment on EURUSD are backed by the following
confluences-
1) Market structure (BoS), 2) IMB-Demand, 3) Imbalance, 4) Liquidity(take profit liquidity).
So my markups are done on the 4hr timeframe which is my major
higher timeframe (HTF) used.
So price has successfully broken structure higher showing a
continuation in the bullish trend, and price has
retraced back down to first fill up the imbalances, where this retracement of price back to my point of interest happened to be my Liquidity which is my 4th confluence,price has to reach my main point of interest which is the
Demand below to mitigate it. If price successfully tends to respect the
Demand zone,I’m expecting it gives me my basic entry structure on the lower
timeframe which is a-lower low,lower high, lower low and then a higher high. Then if this emerges successfully I’ll have my entry placed on any demand formed on the lower timeframe. Where I’ll be targeting a minimum of 1:2.5RR as profit target.
Note: the financial market is all about probabilities, which also
makes my analysis a probability.
confluences-
1) Market structure (BoS), 2) IMB-Demand, 3) Imbalance, 4) Liquidity(take profit liquidity).
So my markups are done on the 4hr timeframe which is my major
higher timeframe (HTF) used.
So price has successfully broken structure higher showing a
continuation in the bullish trend, and price has
retraced back down to first fill up the imbalances, where this retracement of price back to my point of interest happened to be my Liquidity which is my 4th confluence,price has to reach my main point of interest which is the
Demand below to mitigate it. If price successfully tends to respect the
Demand zone,I’m expecting it gives me my basic entry structure on the lower
timeframe which is a-lower low,lower high, lower low and then a higher high. Then if this emerges successfully I’ll have my entry placed on any demand formed on the lower timeframe. Where I’ll be targeting a minimum of 1:2.5RR as profit target.
Note: the financial market is all about probabilities, which also
makes my analysis a probability.
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