EURUSD - 4 HOUR CHART - POTENTIAL TEST OF HIGHS
Traders, im looking for a test of the high price in this pair(1.1272).
Technically, we are still in a downtrend so watch for price action on the higher time frame to determine that trend has reversed to the upside.
Since the high(18/7/23), we had deep retreat to the downside(78% fib. Level) a LIQUIDITY SWEEP below 1.0831 and a respect of the 4 hour trend line.
Watch for Buys.
A break below 1.0765 may see the 1.0650 tested.
Remember, price action is king!
Happy trading.
Technically, we are still in a downtrend so watch for price action on the higher time frame to determine that trend has reversed to the upside.
Since the high(18/7/23), we had deep retreat to the downside(78% fib. Level) a LIQUIDITY SWEEP below 1.0831 and a respect of the 4 hour trend line.
Watch for Buys.
A break below 1.0765 may see the 1.0650 tested.
Remember, price action is king!
Happy trading.
Comment:
Watching price action on EU. Technically we are still in a downtrend.
