EURUSD 02/02/2024
*For my own journaling pusposes*
** Blessings **
Daily
Daily trend is bearish.
Reacting off 4 hour demand.
4 Hour
Reacting off 4 hour extreme demand.
Internally there is a change of character being created.
Considering this is an extreme demand zone it is natural to get a strong reaction off here. Keep in mind daily pro trend, so need to see a convincing bullish change in character before taking longs to 4 hour week highs.
M15
There has been a change of character printed after reaction on the 4hr demand, and price is currently in a demand chain taking out previous supply zones.
There is an extreme supply zone present that is unmitigated with a price gap.
Healthy price action demands that this gap is closed.
Just monitoring, its NFP today.
We trade what the market gives us.
** Blessings **
Daily
Daily trend is bearish.
Reacting off 4 hour demand.
4 Hour
Reacting off 4 hour extreme demand.
Internally there is a change of character being created.
Considering this is an extreme demand zone it is natural to get a strong reaction off here. Keep in mind daily pro trend, so need to see a convincing bullish change in character before taking longs to 4 hour week highs.
M15
There has been a change of character printed after reaction on the 4hr demand, and price is currently in a demand chain taking out previous supply zones.
There is an extreme supply zone present that is unmitigated with a price gap.
Healthy price action demands that this gap is closed.
Just monitoring, its NFP today.
We trade what the market gives us.
Penafian
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