EURUSD 1HR - the importance of structure ----ABCD- 2618

Had a very nice conversation about this pair with one of my clients last night and wanted to share this morning now that not much has changed overnight. There are 2 setups on this chart one was a double bottom which can now potentially turn into a 2618 opportunity at MINOR structure & the second is a potential AB=CB pattern with fibonacci confluence that can potentially complete at major structure.

The conversation had yesterday was about how to determine when structure was "Major" vs. "Minor" & how that may affect our trading decisions.

Personally i prefer to look my trading opportunities at major structure as it allows me to be more aggressive with my approach due to the risk reward that is often gained there. Plus we all no that "good moves don't last long" However that doesn't mean that you can't look for trading opportunities at minor structure as well. You certainly can, it just may be worth taking a more cautious approach & waiting for extra confirmation before pulling the trigger.

Well, it's almost 7am, time to double check stops and targets before the today's Monetary policy. A more hawkish than expected tone would work perfectly with my current positions.

GOOD LUCK TODAY TRADERS, HAVE A GREAT TRADING DAY!! See you this weekend with another video... Or maybe today, you never know

Akil