EUR/USD 4H - As you can see price has broken structure to the upside, giving us the confluence to suggest enough Demand has been introduced to see price now trade us higher longer term.
The reason this here is a valid break in structure is because the high that set the lowest low within this correction has now been broken, suggesting that we are no longer following the laws of bearishness but now following the laws of bullishness.
In order for us to be able to get involved in this market now with the longer term bias to take it long, we want to see price pullback initially to set a higher low, once price does that, that is when we can look to take part in the market.
I have gone ahead and marked out an area of interest I feel price will fall back down and into before trading us higher, we want to see price trade down and into this, then break structure fractally before taking us higher in the market.
The reason this here is a valid break in structure is because the high that set the lowest low within this correction has now been broken, suggesting that we are no longer following the laws of bearishness but now following the laws of bullishness.
In order for us to be able to get involved in this market now with the longer term bias to take it long, we want to see price pullback initially to set a higher low, once price does that, that is when we can look to take part in the market.
I have gone ahead and marked out an area of interest I feel price will fall back down and into before trading us higher, we want to see price trade down and into this, then break structure fractally before taking us higher in the market.
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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.