THOUGHTS ON EUR/USD
EUR/USD 1D - With this pair I am wanting to see some strength in the EUR as I am wanting to see price actually go on to trade us higher, this would fall in line with our USD/CHF trade.
We have seen that price has traded into a valid area of Demand which is holding as price has failed to break below this. I want to see price now reject from this area giving us means to enter.
I have gone ahead and marked out the last protected high within the bearish structure that traded price lower down and into the Demand Zone originally, once we see a break in that we can begin to look to buy in.
A break in the last protected high tells us that we are no longer following the laws of bearishness but now following the laws of bullishness breaking highs and protecting lows.
We have seen that price has traded into a valid area of Demand which is holding as price has failed to break below this. I want to see price now reject from this area giving us means to enter.
I have gone ahead and marked out the last protected high within the bearish structure that traded price lower down and into the Demand Zone originally, once we see a break in that we can begin to look to buy in.
A break in the last protected high tells us that we are no longer following the laws of bearishness but now following the laws of bullishness breaking highs and protecting lows.
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