EUR/USD 15M - I am wanting to take this market long moving forward which is great as it correlates well with our GU analysis. This is somewhat expected with the USD being quote on both.
This would suggest that we want to see weakness over the course of the next week or so in the USD. I am wanting to see price pullback slightly now so we can get in with a refined entry.
By price pulling backdown and into a valid area of Demand it will allow us to get in with a more refined entry, giving us a better RR ratio which as a result will give us better returns.
Once price trades down and into the Demand Zone below we want to see price reject well, breaking structure fractally to the upside, this will confirm the end of a fractal correction and the start of the next impulse.
This would suggest that we want to see weakness over the course of the next week or so in the USD. I am wanting to see price pullback slightly now so we can get in with a refined entry.
By price pulling backdown and into a valid area of Demand it will allow us to get in with a more refined entry, giving us a better RR ratio which as a result will give us better returns.
Once price trades down and into the Demand Zone below we want to see price reject well, breaking structure fractally to the upside, this will confirm the end of a fractal correction and the start of the next impulse.
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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.