EUR/USD 30M - As we can see from the above screenshot I am wanting to see price continue trailing us up into this POI I have highlighted round 1.0649/1.0660.
Once we see price penetrate the zone above I am expecting to see a break in this current fractal bullish structure due to the introduction of more Supply. I believe that price will tap into the Supply zone above and deliver us with the reversal we are looking for.
Once we have confirmation that this fractal correction has finished via a BOS to the downside, I will then be looking for a fractal Supply zone within the impulse that broke the structure for an area to enter.
Once I enter in on my shorts I will take partials throughout the position but look to hold at-least a 1/3 down to my TP target set at a higher TF Demand zone.
From there I am expecting to see the Supply & Demand balance flip again which should in theory create this markets next higher TF impulse higher, this is when ill be looking to BUY into this market.
Once we see price penetrate the zone above I am expecting to see a break in this current fractal bullish structure due to the introduction of more Supply. I believe that price will tap into the Supply zone above and deliver us with the reversal we are looking for.
Once we have confirmation that this fractal correction has finished via a BOS to the downside, I will then be looking for a fractal Supply zone within the impulse that broke the structure for an area to enter.
Once I enter in on my shorts I will take partials throughout the position but look to hold at-least a 1/3 down to my TP target set at a higher TF Demand zone.
From there I am expecting to see the Supply & Demand balance flip again which should in theory create this markets next higher TF impulse higher, this is when ill be looking to BUY into this market.