EURUSD Multi Timeframe Analysis 23.10.2024
Updated
1.08111 low got swept as I mentioned on my earlier analysis. Friday's daily candle closure as inside bar has also been played out as expected. But bearish momentum is quite strong. Imo, current Daily Demand zone is the strongest to give price a bullish momentum ( other than any. red flagged fundamentals upcoming days )
15m Swing, Internal Bearish and price is currently in 15m supply. We possibly could get a bearish momentum from here
My expectation is, low to get swept then strong bullish momentum to kick in. But as we trade the facts and not the expectations, I will cautiously follow bearish order flow. At least wait prize to mitigate 4H supply ranges.
For longs, ideal to wait for 4H candle closure above 1.08382
15m Swing, Internal Bearish and price is currently in 15m supply. We possibly could get a bearish momentum from here
My expectation is, low to get swept then strong bullish momentum to kick in. But as we trade the facts and not the expectations, I will cautiously follow bearish order flow. At least wait prize to mitigate 4H supply ranges.
For longs, ideal to wait for 4H candle closure above 1.08382
Note
4H
Note
Daily
Note
15m update
Would be nice to see a bullish push like this
Trade active
taking 1m entry from here
Note
15m update
If we get a movement like this, sweeping the 15m low and daily low, then 15m bullish choch, i will look for new long entry
Note
15m update
Related publications
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.