As expected and shared in my Weekly outlook and setups, EU was moving in an amazing bullish manner this week! It always gives perfect 50% pullbacks and then reverses for a new HH.
Currently, we are about to make a HH, but as you can see on the main 1H chart, we have failed to do so. I consider this to be just a ''reaction''. A little pullback on the 15M is needed now and we can potentially seek a new HH.
If the 15M changes structure to bearish and strongly breaks below 1.1642, I might start considering shorts as well. But my last resort for longs is the 1.1630 region.
I will also attach 15M chart of my zones:
I hope you are having an amazing trading week so far!
Currently, we are about to make a HH, but as you can see on the main 1H chart, we have failed to do so. I consider this to be just a ''reaction''. A little pullback on the 15M is needed now and we can potentially seek a new HH.
If the 15M changes structure to bearish and strongly breaks below 1.1642, I might start considering shorts as well. But my last resort for longs is the 1.1630 region.
I will also attach 15M chart of my zones:
I hope you are having an amazing trading week so far!
Tomorrow hopefully we have clearer price action!