Daily swing Structure = Bearish
Daily Internal Structure = Bearish
Narrative
We are pro-trend which means sell EURUSD. All structures are in alignment.
4Hrs
Swing structure = Bullish
Internal Structure = Bearish
What we can observe is that daily swing, daily internal and 4hrs internal are all in alignment.
We now know that the demand zones created as the market was in the pullback phase are reaction points and that the supply zones should hold if the bearish internal trend is to hold.
Given the 2 facts, we should continue selling Targeting the internal weak low as the low hanging fruit.
Also, it is important to note that we are creating some sorta supply chain, which further cements idea of a strong selling pressure coming into the market. So any pullback into the marked supply orderblock should give us a chance for entry.
Daily Internal Structure = Bearish
Narrative
We are pro-trend which means sell EURUSD. All structures are in alignment.
4Hrs
Swing structure = Bullish
Internal Structure = Bearish
What we can observe is that daily swing, daily internal and 4hrs internal are all in alignment.
We now know that the demand zones created as the market was in the pullback phase are reaction points and that the supply zones should hold if the bearish internal trend is to hold.
Given the 2 facts, we should continue selling Targeting the internal weak low as the low hanging fruit.
Also, it is important to note that we are creating some sorta supply chain, which further cements idea of a strong selling pressure coming into the market. So any pullback into the marked supply orderblock should give us a chance for entry.
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.
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.