EUR/USD 1H - As you can see I have gone ahead and marked out to areas of interest below that I feel price may no trade back down and into to set the first Higher Low, in what look to be a bullish correction.
This gives us an area to enter in from on long positions, now that we have had a break of structure to the upside on the 1H timeframes we have some confluence to suggest that price has concluded the bearish impulse and is now about to put in a correction.
We would get further confirmation of this via a penetration of one of two zones, rejection to the upside and some sort of fractal BOS, this tells us that price has finished putting in a fractal correction in what could be this new higher timeframe bullish correction.
As soon as I have enough confluence to suggest this correction is underway I will be looking to take some longs, placing my SL below the zone I enter from and my TP set just below the Supply Zone above.
This gives us an area to enter in from on long positions, now that we have had a break of structure to the upside on the 1H timeframes we have some confluence to suggest that price has concluded the bearish impulse and is now about to put in a correction.
We would get further confirmation of this via a penetration of one of two zones, rejection to the upside and some sort of fractal BOS, this tells us that price has finished putting in a fractal correction in what could be this new higher timeframe bullish correction.
As soon as I have enough confluence to suggest this correction is underway I will be looking to take some longs, placing my SL below the zone I enter from and my TP set just below the Supply Zone above.
