1) EURUSD is on a daily retracement, which means that there's a good probability that the H4 will continue higher until it reaches a daily supply area.
2) H4 Structure is bullish and despite the strong reaction to the supply at the top, buyers already pushed the price up and it retraced more than 50% of the last move.
3) If price breaks the level around 1.0534, it will increase the chances for a deeper pullback to 1.0472.
4) Until then, buyers are in control and the goal is to follow demand. 📈
2) H4 Structure is bullish and despite the strong reaction to the supply at the top, buyers already pushed the price up and it retraced more than 50% of the last move.
3) If price breaks the level around 1.0534, it will increase the chances for a deeper pullback to 1.0472.
4) Until then, buyers are in control and the goal is to follow demand. 📈
Kommentera:
Perfect reaction, clearly showing that buyers are in control.