EURUSD Multi Timeframe Analysis 11.10.2024
15m Swing Bearish Internal Bullish
The lows that I mentioned on my previous 4H chart have been swept and we got a strong bullish reaction after deeper mitigation in daily demand
There is no clear supply above and a lot of liquidity left behind.
Once ( if ) price sweeps the 15m Swing high, we will then have 4H bullish ChoCH that might indicate 4H pullback have started
PPI today at 13:30 UK time
The lows that I mentioned on my previous 4H chart have been swept and we got a strong bullish reaction after deeper mitigation in daily demand
There is no clear supply above and a lot of liquidity left behind.
Once ( if ) price sweeps the 15m Swing high, we will then have 4H bullish ChoCH that might indicate 4H pullback have started
PPI today at 13:30 UK time
Note
4H
Note
Daily
Note
15m Structure Update
We see the 15m structure built as predicted in the morning. I took a long with the sweep of the low in 15m demand as I expected bullish momentum to continue. Although the 15m swing is currently bearish, I will look for CONFIRMATION longs from 15m demand to follow 15m bullish internal order flow.
PPI at 13:30 UK time so we could see slow price action till the event come out
Note
15m Update, no trade entry as price kept pushing down
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