Get started
quangcttn

In the 4-hour time frame, EURUSD has shifted to an upward trend

Euro / U.S. Dollar (OANDA:EURUSD)  
quangcttn Updated   
OANDA:EURUSD   Euro / U.S. Dollar
Supply and Demand Support and Resistance
2
1
supplyanddemand supportandresistance
In the 4-hour time frame, EURUSD has shifted to an upward trend, as it has formed higher highs and higher lows.
Comment:
when the price rises to the SUPPLY zone for 4 hours. Then the price dropped sharply back to the 4h DEMAND zone.
Trade closed: target reached:
The price went according to plan and today broke the SwingHigh of the 4h time frame to continue the main trend
Comment:
This is a strong bullish Swing structure after a CHOCH signal, followed by a BOS signal confirming a trend reversal.
Comment:
The wave structure has a confirmed reversal

Related Ideas

quangcttn
The wave structure of EURUSD on the 4-hour time frame
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.