💫 The Euro structure is bearish in the higher time frame, while we have a bullish trend in the intermediate time frame.
👈 According to the marked zones on the chart, if the price returns to the green zone and we see a trigger, we can enter a sell position targeting the lower green zone.
👈 Given the bearish structure of the higher time frame, we anticipate further decline. However, for lower targets, we will wait for the price's reaction to the lower zone, which will confirm the trend change in the intermediate time frame.
⚠️ Please note that if you enter a sell position, your first target should be the lower green zone.
⚠️ Be cautious: If the price touches the lower green zone without returning to the upper zone and then moves back up, the upper zone is invalidated, and no further positions should be taken in that area.
#Eurusd/M15
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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.