The wave structure of EURUSD is analyzed using the SMC method
Day Swing is bearish => current is internal bullish
4H Swing is bullish => current is internal bearish
M15 Swing is bearish => current swing is CHoCH
In the 15-minute time frame, the price broke the strong swinghigh peak and showed a reversal signal.
so we have:
M15 is trending up
4H is an uptrend
So the price increased again and broke the weak Swing High of 4H
4H Swing is bullish => current is internal bearish
M15 Swing is bearish => current swing is CHoCH
In the 15-minute time frame, the price broke the strong swinghigh peak and showed a reversal signal.
so we have:
M15 is trending up
4H is an uptrend
So the price increased again and broke the weak Swing High of 4H