EUR/USD 30M - As you can see price has recently come to clear an area of Demand, we have since seen price trade us to the upside suggesting enough Demand has been introduced to potential flip the balance.
We will get confirmation of this once we see price break the last protected high within the bearish move that traded price down and into the Demand Zone in the first place, once we have been delivered with that we have means to look to buy.
When delivered with this break in structure I will be looking at the impulsive wave that has broken structure for areas to enter in long on this market. I will be looking for key areas of Demand that have been left as a footprint.
Once we see price trade down and into the area of Demand after breaking the structure this is when I will be looking to get involved in this market with those buys, simply waiting for a penetration and rejection before entering.
We will get confirmation of this once we see price break the last protected high within the bearish move that traded price down and into the Demand Zone in the first place, once we have been delivered with that we have means to look to buy.
When delivered with this break in structure I will be looking at the impulsive wave that has broken structure for areas to enter in long on this market. I will be looking for key areas of Demand that have been left as a footprint.
Once we see price trade down and into the area of Demand after breaking the structure this is when I will be looking to get involved in this market with those buys, simply waiting for a penetration and rejection before entering.
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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.