EUR/USD 30M - As you can see from this market, price looks to be accumulating as its protecting lows, setting higher lows and looks to be building strength to press price higher.
I have gone ahead and marked out a level of Demand I would love to see price come down and trade into, once it does I would like to see a clean rejection. Using this area to set a new higher low.
In order for me to enter long in this market moving forward I want to see price break structure to the upside, this will give us the confluence we need in order to confirm a reversal.
A break in the last protected fractal high will tell us that price is no longer heavily weighed down by Supply but now enough Demand has been introduced to actually break those highs and continue to protect those lows.
I have gone ahead and marked out a level of Demand I would love to see price come down and trade into, once it does I would like to see a clean rejection. Using this area to set a new higher low.
In order for me to enter long in this market moving forward I want to see price break structure to the upside, this will give us the confluence we need in order to confirm a reversal.
A break in the last protected fractal high will tell us that price is no longer heavily weighed down by Supply but now enough Demand has been introduced to actually break those highs and continue to protect those lows.
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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.