EURO/USD Analysis Update
I hope you are well.
Based on the previous analysis that was done and as expected, the 4H high was broken and now the 4H trend is bullish which will facilitate the daily pullback.
The 4H swing high has broken through the candle body and has been confirmed.
The 15-minute trend that caused this impulsive price move on the 4-hour timeframe is in an uptrend and continues to maintain its uptrend.
We should not look for entry opportunities now, if you are a swing trader and are looking for high risk/reward we should wait for the 15 minute trend to turn down until the 4 hour structure has a pullback.
In the pullback of the 4 hour structure we can look for entry opportunities in the areas marked in the discount area, of course, on the condition that the 15 minute trend turns bullish again in that area.
Regards ❤️
Based on the previous analysis that was done and as expected, the 4H high was broken and now the 4H trend is bullish which will facilitate the daily pullback.
The 4H swing high has broken through the candle body and has been confirmed.
The 15-minute trend that caused this impulsive price move on the 4-hour timeframe is in an uptrend and continues to maintain its uptrend.
We should not look for entry opportunities now, if you are a swing trader and are looking for high risk/reward we should wait for the 15 minute trend to turn down until the 4 hour structure has a pullback.
In the pullback of the 4 hour structure we can look for entry opportunities in the areas marked in the discount area, of course, on the condition that the 15 minute trend turns bullish again in that area.
Regards ❤️
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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.
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.