EURUSD bullish trade towards Daily swing high
It's been a while since I posted a trading idea on social media, thought that this would be a good example.
Daily Analysis:
Price has pulled back to a fair price which has nicely reacted from an area of demand The daily structure is bullish, this reaction could potentially be the new daily swing higher low.
H4:
Even though on the H4 we're on a downtrend, the price has strongly reacted from a D TF POI giving the 1st signs of bullish momentum and possible pull-back on the H4 TF, which could potentially be a reversal on the H4 and continuation on the D TF.
M15:
Price has BOS to the upside, changing direction in align with D TF, therefore the probability of this reversal at this POI is high.
Hope that many more posts come to mind and I can restart making my analysis on social media, to share my opinion + grow with the trading community.
Daily Analysis:
Price has pulled back to a fair price which has nicely reacted from an area of demand The daily structure is bullish, this reaction could potentially be the new daily swing higher low.
H4:
Even though on the H4 we're on a downtrend, the price has strongly reacted from a D TF POI giving the 1st signs of bullish momentum and possible pull-back on the H4 TF, which could potentially be a reversal on the H4 and continuation on the D TF.
M15:
Price has BOS to the upside, changing direction in align with D TF, therefore the probability of this reversal at this POI is high.
Hope that many more posts come to mind and I can restart making my analysis on social media, to share my opinion + grow with the trading community.
Comment:
From my analysis, the price ended up doing a liquidity grab from the daily POI, however, it's now on track for higher levels, however, we still need to keep in mind that the H4 TF is bearish, and since that, my present bias be more willing to short it at the H4 POIs.