EUR/USD 1H - Morning gang, I hope you are all okay. A new week brings us new opportunities and this is the first of a few.
Above you will see that price has tapped into a higher timeframe demand zone and has since provided us with what looks to be a corrective wave.
From here I am wanting to see price continue to trade us higher and into the Demand zone to clear and innoficent strcuture below but to also grab any remaining Supply.
Once we have the penetration of this zone we want price to begin to distribute and show signs of a reversal, this will come via a BOS.
When price breaks structure to the downside that will confirm the end of this correction and the start of its next leg taking us lower, this is when we can start to look for sell positions.
Above you will see that price has tapped into a higher timeframe demand zone and has since provided us with what looks to be a corrective wave.
From here I am wanting to see price continue to trade us higher and into the Demand zone to clear and innoficent strcuture below but to also grab any remaining Supply.
Once we have the penetration of this zone we want price to begin to distribute and show signs of a reversal, this will come via a BOS.
When price breaks structure to the downside that will confirm the end of this correction and the start of its next leg taking us lower, this is when we can start to look for sell positions.