EUR/USD 15M - As you can see price has recently traded us down and into a Demand Zone, we have seen plenty of Demand being introduced into the market, which is the reason for the hawkish behaviour.
I would now like to see price break structure officially, giving us the confluence to suggest a reversal is taking place, once we have that we can begin looking to take this market long.
I have drawn a path out on how I would expect price to play out. Once we have that break its understandable that with every impulse is a correction, price will have to correct back down into something.
Should we find an area of Demand for price to set a higher low from, that is where we can look to enter in from with those longer term buy positions, as soon as I have an update I will let you all know.
I would now like to see price break structure officially, giving us the confluence to suggest a reversal is taking place, once we have that we can begin looking to take this market long.
I have drawn a path out on how I would expect price to play out. Once we have that break its understandable that with every impulse is a correction, price will have to correct back down into something.
Should we find an area of Demand for price to set a higher low from, that is where we can look to enter in from with those longer term buy positions, as soon as I have an update I will let you all know.
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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.