EUR/USD, 4hr timeframe. Expecting more Sells
EUR/USD, 4hr timeframe.
On a Daily timeframe price is currently playing around a critical area of reversal also acting as a supply zone since the buying power is exhausting in strength. In addition on a 4hr timeframe we have an ascending channel where price is currently at it's HH( higher high) of the channel therefore we should be expecting it to give us a new HL(higher low) or possibly breaking our support trendline and pushing further downward giving us a new structure to look for.
On a Daily timeframe price is currently playing around a critical area of reversal also acting as a supply zone since the buying power is exhausting in strength. In addition on a 4hr timeframe we have an ascending channel where price is currently at it's HH( higher high) of the channel therefore we should be expecting it to give us a new HL(higher low) or possibly breaking our support trendline and pushing further downward giving us a new structure to look for.
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