The purple zones represent the Daily Market Structure and zones. Based on the 4H Market Structure, the price is bullish creating HH & HL. Expecting the price to return to the Daily LH zone, before a possible bearish reversal again.
The purple zones are the Daily Market structure and where the price is supposed to drop. Expecting a bearish continuation based on the 4H Market Structure. Pricing is currently bouncing at 1.22000, and I anticipate a drop to 1.21000. Before this major move happens, I am looking for price to pull back or consolidate a bit.
