THIS IS MY DAILY LOOK AT EUR/USD
EUR/USD 1D - As you can see I am wanting price to continue with this bullish momentum, trading us up and into the area of interest I have marked out above, from there I am expecting a new leg to trade us lower.
In order for us to have confirmation of this move and in order for us to be able to take part in such move we must wait for entry confirmation, as we know this will come from relevant structure breaks.
I want to see price trade in, enough Supply to be introduced and enough Demand to be offloaded to see that flip in balance. Once we have a structural break to the downside this is when we can begin to look to go short in the market.
As we know a break in structure to the downside tells us that the current correction trading us up and into the Supply zone has finished and a new bearish impulsive wave is ready to take place.
In order for us to have confirmation of this move and in order for us to be able to take part in such move we must wait for entry confirmation, as we know this will come from relevant structure breaks.
I want to see price trade in, enough Supply to be introduced and enough Demand to be offloaded to see that flip in balance. Once we have a structural break to the downside this is when we can begin to look to go short in the market.
As we know a break in structure to the downside tells us that the current correction trading us up and into the Supply zone has finished and a new bearish impulsive wave is ready to take place.
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