EURUSD 01/02/2023 Update
*For my own journaling purposes*
**Blessings**
Daily
Trend = Bearish
Why: Daily Break of structure to the downside.
Internal 4 hour trend is bullish, catering for the daily pullback to extreme supply.
Price is at 4 hour demand. If the daily pro trend is to continue bearish, then this current 4 hour demand zone needs to be broken.
4 Hour
Trend = Bullish
Why: Break of structure to upside, 4 hour strong demand in control.
Internal Structure is bearish as price has catered for the pullback to 4 hour demand.
Again, knowing daily trend is bearish, and internal structure is bearish, I want to follow this bearish bias through. There needs to be a convincing change in character before looking for longs from this 4 hour demand.
M15
Really just ranging between the high and low following yesterday's NFD and FOMC.
Nothing interesting at the moment. We need clear direction.
**Blessings**
Daily
Trend = Bearish
Why: Daily Break of structure to the downside.
Internal 4 hour trend is bullish, catering for the daily pullback to extreme supply.
Price is at 4 hour demand. If the daily pro trend is to continue bearish, then this current 4 hour demand zone needs to be broken.
4 Hour
Trend = Bullish
Why: Break of structure to upside, 4 hour strong demand in control.
Internal Structure is bearish as price has catered for the pullback to 4 hour demand.
Again, knowing daily trend is bearish, and internal structure is bearish, I want to follow this bearish bias through. There needs to be a convincing change in character before looking for longs from this 4 hour demand.
M15
Really just ranging between the high and low following yesterday's NFD and FOMC.
Nothing interesting at the moment. We need clear direction.
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