Continuation of daily structure
Hello traders! Today, we are expecting a continuation of the daily structure. After mitigating the daily POI, the 4-hour chart has shifted its bias to bearish by breaking below a strong higher low structure. The price has also mitigated the 4-hour continuation structure. From here, I believe the price is likely to move lower to take out the daily weak lower low.
Note
We have EU HCOB news release comming up within 2 hrs need to be carefull and not execute during that timeTrade closed: target reached
Price moved in our expected direction, presenting multiple trading opportunities within the 4-hour POIs. LTF entry can be confirmed after the MSS on either the 1-hour or 15-minute charts.
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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.