The wave structure of EURUSD is analyzed using the SMC method
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Day Swing is bearish => current is internal bullish 4H Swing is bullish => current is internal bearish M15 Swing is bearish => current swing is CHoCH In the 15-minute time frame, the price broke the strong swinghigh peak and showed a reversal signal. so we have: M15 is trending up 4H is an uptrend So the price increased again and broke the weak Swing High of 4H
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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.