I am currently waiting for this 1H bullish CURCT price structure to form and confirm with a HCT candle before I consider a long position. The yellow bearish pattern is invalid so I anticipate it failing to create a new daily low below the 1.2638 level. I am anticipating a move below the 1.2670 level where the bullish CURCT price structure will be fully formed. If price closes below the 1.2638 level before a HCT candle triggers a long position the Bullish CURCT price structure is no longer valid. If price continues in a uptrend I have missed the entry and I am on the sidelines until I get another opportunity to enter. My hope is price does in fact pull back into this 1H bullish CURCT price structure so I can enter a long position.
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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.