EURUSD wave structure analysis on daily and 4 hour timeframes
- 4H swing is bullish.
- Day swing is bearish but the internal is bullish
- The current price is in the Supply zone of the daily time frame, so there is a high possibility that the price will have a downward wave. We can look for an opportunity to sell down to the Demand zone of the 4H time frame.
- Day swing is bearish but the internal is bullish
- The current price is in the Supply zone of the daily time frame, so there is a high possibility that the price will have a downward wave. We can look for an opportunity to sell down to the Demand zone of the 4H time frame.
Note
Note
Note
4 hour timeframe for CHOCH signalNote
Note
Note
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.