Looking at EUR/USD we can see that the long term structure is bullish we have been making higher highs but have stopped on weekly timeframe we. are looking very bullish but on other timeframes we can see that we are bearish I still think this a deeper pullback so maybe we could see some sort of pullback into the 1.18500 region before going up
If we do break below 1.18500 I would think price could start making lower lows on the smaller timeframe but my overall bias is bullish as that is the longer term trend
BUY ZONE
ENTRY : 1.18520
STOP LOSS: 1.18400
TAKE PROFIT : 1.19300
Reasons for buying at this price
1.No lower lows on intraday
2. intraday S1
3.78.6%
4. candle imbalance
5. 1.18500 gap
If price does break below this trade will be invalid wait for price action and enter
If we do break below 1.18500 I would think price could start making lower lows on the smaller timeframe but my overall bias is bullish as that is the longer term trend
BUY ZONE
ENTRY : 1.18520
STOP LOSS: 1.18400
TAKE PROFIT : 1.19300
Reasons for buying at this price
1.No lower lows on intraday
2. intraday S1
3.78.6%
4. candle imbalance
5. 1.18500 gap
If price does break below this trade will be invalid wait for price action and enter
Trade closed manually:
PRICE WENT TO THE TARGET