EUR/USD 15M - Since price has broken structure to the upside on the higher timeframes, we have seen price now trade us back down to set a higher low. Whilst price is doing this it looks to be accumulating.
Above you can see price ranging, whilst price is ranging we are seeing price develop higher highs, this tells me strength is building in Demand, giving us more confluence to suggest an accumulation.
I have gone ahead and marked out the last protected high within the bearishness that price trade into the most recent area of Demand, once we see price break that high I will be looking for entries on this market.
We will want to see price trade us lower, down and into a valid area of interest, this will be found from the impulse that broke the structure fractally. Once we have an area, we wait potentially and we enter based on a penetration and rejection.
Above you can see price ranging, whilst price is ranging we are seeing price develop higher highs, this tells me strength is building in Demand, giving us more confluence to suggest an accumulation.
I have gone ahead and marked out the last protected high within the bearishness that price trade into the most recent area of Demand, once we see price break that high I will be looking for entries on this market.
We will want to see price trade us lower, down and into a valid area of interest, this will be found from the impulse that broke the structure fractally. Once we have an area, we wait potentially and we enter based on a penetration and rejection.
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Related publications
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.