EUR/USD 1D - Above you will see my extreme timeframe bias for this market. By zooming out and looking at the extreme higher timeframe structure you are able to understand the overall trend of a market.
As you can see the overall structure of this market is bearish, this gives us our bias and the direction to trade in. We can buy into a selling market but we should always take extra precautions.
We are within a corrective phase on this market so the current trend is bullish as it is building enough supply in order to put in its next bearish leg. I have found a valid Supply zone above around 1.1512-1.1607.
We want to see price trail into this POI of mine and provide us with a break of structure to the downside, this would confirm the end of this correction and the start of the next impulse.
We could look fractally for demand zones to buy into this market before sell at our higher TF POI. I will provide more analysis for my fractal timeframe bias.
As you can see the overall structure of this market is bearish, this gives us our bias and the direction to trade in. We can buy into a selling market but we should always take extra precautions.
We are within a corrective phase on this market so the current trend is bullish as it is building enough supply in order to put in its next bearish leg. I have found a valid Supply zone above around 1.1512-1.1607.
We want to see price trail into this POI of mine and provide us with a break of structure to the downside, this would confirm the end of this correction and the start of the next impulse.
We could look fractally for demand zones to buy into this market before sell at our higher TF POI. I will provide more analysis for my fractal timeframe bias.
