EUR/USD 1H - As you can see I have gone ahead and looked at the lower timeframe structure for areas that I believe hold good potential in a refined entry.
We know that the overall trend is Bullish and we want to be buying into this market, so the best thing we can do is look at the fractal structure for areas that we can look to buy from.
Above you will find the Demand zone I have highlighted around the 1.0499-1.0544 region, I feel this demand zone will hold enough demand to push the market higher creating its next impulsive wave.
We want to see price break down and start trading us bearish as this will confirm to us that this current bullish move higher has finished and the correction is underway.
Once price penetrates said zone and delivers us with a BOS to the upside that is when we can look to get introduced, all we would do then is wait for price to pullback and we would execute our buy orders.
We know that the overall trend is Bullish and we want to be buying into this market, so the best thing we can do is look at the fractal structure for areas that we can look to buy from.
Above you will find the Demand zone I have highlighted around the 1.0499-1.0544 region, I feel this demand zone will hold enough demand to push the market higher creating its next impulsive wave.
We want to see price break down and start trading us bearish as this will confirm to us that this current bullish move higher has finished and the correction is underway.
Once price penetrates said zone and delivers us with a BOS to the upside that is when we can look to get introduced, all we would do then is wait for price to pullback and we would execute our buy orders.
