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CirculoForex
Dec 18, 2023 9:30 AM

H4 potential break Short

Euro / U.S. DollarFOREX.com

Description

Hello traders,

Following daily structure, there's a good chance that the H4 goal was completed and price is now ready to continue lower.

- After the huge FOMC reaction it's easy to get caught up into looking for a continuation opportunity but if we zoom out, it's possible to see a clear bearish scenario forming.

- Price is respecting daily and H4 supply zones.

- Daily structure remained bearish, despite the strong move on the H4.

- If price is going to continue to move higher the M15 will be the first to let us know.

- There's also the potential that price will stay in a range considering that it's getting closer to the end of the year.

(This is not financial advise, just my own views.)

Cheers
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