EURUSD buy pullback into demand until HTF trend realignment.

Euro Fx/U.S. DollarFXCM

Description

⋅ Aug 18, 2018 5:07 PM

Price Altitude: Middle
Daily Trend: Down
4H Trend: Up

Analysis: Daily demand is in control. Price bounced off it and is heading upward to realign with the higher timeframe down trend.

Prediction: Continue retracing upward until there is a re-alignment with the higher timeframe downtrend.

Price Points of Interest:
4h Supply @ 1.4405
4h Supply @ 1.1515
4h Demand @ 1.1383
4h Demand @ 1.1345

This analysis is meant to be educational, inspirational and confirming of your own analysis. Trade carefully, trade wisely by managing your risk exposure. Fortune favours the bold.