Euro / U.S. DollarUpdated EURUSD - 6 January 2022
Price respect the most recent 4H supply by giving a 15m bearish CHoCH, we can see now supply is having the control, price is pushing towards the 4H demand below. There is a chance that price could use the demand below to form a pullback. If it does, then it might pullback up to take out the upside LQ. Therefore, we might wait for a 15m/5m Bullish CHoCH to confirm the bullish intention before getting in a Long.
However, there will be a chance that price could continue the supply chain and take out the weak low first. We don’t know, therefore wait for confirmation.
However, there will be a chance that price could continue the supply chain and take out the weak low first. We don’t know, therefore wait for confirmation.
Note
Price as expect taken out the LQ from the left and respect the 15m B2S, price might take out the weak low now. 
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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.