EUR/USD 4H - As you can see above I have gone ahead and marked out a level of Demand for you all. I want to see price trade down and into this and offer us with the confirmation we need to long this market.
After price corrects itself, trading us into this zone confirmation of a new impulse to the upside will come via a fractal break in structure, so we are looking for the last protected high within the corrective wave to be broken.
Once we have that we have means to enter in on this market long. When we are delivered with that break its then a case of waiting for price to pullback down, why? To set its initial higher low within the new bullish structure thats about to be printed.
This is where we would look to go long from, the reason for this is so we can get involved with a refined entry and as a result a greater risk to reward trade, meaning we would walk home with more profits. I will keep you all posted.
After price corrects itself, trading us into this zone confirmation of a new impulse to the upside will come via a fractal break in structure, so we are looking for the last protected high within the corrective wave to be broken.
Once we have that we have means to enter in on this market long. When we are delivered with that break its then a case of waiting for price to pullback down, why? To set its initial higher low within the new bullish structure thats about to be printed.
This is where we would look to go long from, the reason for this is so we can get involved with a refined entry and as a result a greater risk to reward trade, meaning we would walk home with more profits. I will keep you all posted.
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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.