Wave structure at 15M EURUSD timeframe analyzed according to SMC
The price increased and broke through the Swinghigh then fell back and broke through the Swinglow to create a strong Swinghigh.
There is a high possibility that the price will drop sharply
The price increased and broke through the Swinghigh then fell back and broke through the Swinglow to create a strong Swinghigh.
There is a high possibility that the price will drop sharply
Note
After breaking above the Swinghigh to the Oderblock (OB) area of the 4-hour time frame, the price dropped to break the Swing low, forming a new strong Swinghigh top structure.Thus, there is a high possibility that prices will continue to decrease
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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.