EURUSD - Swing Buy on MidWeek Reversal & USD News (CPI)
Reasons for this setup being higher probability:
HTF is bullish because of the doji on Monthly and momentum on Weekly chart.
We've created a protected low, confirmed by Divergence with GBPUSD.
Market created momentum higher.
We're now in a retracement phase.
Looking for the market to flip up with a reversal pattern on the LTF before entering.
Continuing in the bullish HTF idea.
HTF is bullish because of the doji on Monthly and momentum on Weekly chart.
We've created a protected low, confirmed by Divergence with GBPUSD.
Market created momentum higher.
We're now in a retracement phase.
Looking for the market to flip up with a reversal pattern on the LTF before entering.
Continuing in the bullish HTF idea.
Order cancelled
Overall idea was correct.
Market left without us.
Chance for a 2nd entry was higher up after a break of structure
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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.
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.