PREPARING FOR THE NEXT LONG
EUR/USD 1W - I am looking to take this market long, with a longer term bias because evidence suggests that this market is in-fact bullish longer term as would higher timeframe structure suggest.
So with that being said, looking at current price and where it is at, I feel that this area of interest below will act as an area of Support encouraging price to trade higher. If you look at historical data you can see the clear highs and lows in the market.
I want to see price trade into this area of Demand that we have below thats in the eyes of a fair value gap and once price has cleared it we can expect to see structure break fractally to the upside.
From here we can start to look for relevant entries in the market fractally. I will be waiting patiently for price to penetrate this area of interest and give us the confluence needed before I look to get involved at all.
So with that being said, looking at current price and where it is at, I feel that this area of interest below will act as an area of Support encouraging price to trade higher. If you look at historical data you can see the clear highs and lows in the market.
I want to see price trade into this area of Demand that we have below thats in the eyes of a fair value gap and once price has cleared it we can expect to see structure break fractally to the upside.
From here we can start to look for relevant entries in the market fractally. I will be waiting patiently for price to penetrate this area of interest and give us the confluence needed before I look to get involved at all.
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