H4 Timeframe
Price is currently breaking above an interim structure. We are actually already in this trade looking for a wick fill up to that M15 resistance level. If we hold above this interim we could see a strong bullish run however, keep in mind we have just previously been in a bearish cycle so this bullish momentum could be short lived.
M15 Timeframe
I entered this trade as soon as I saw the rejection on the M15 from the H4 interim level. I'm looking for these wicks to be filled up to this M15 resistance before assessing the position again. With the previous M15 momentum this trade does look very convincing to me.
Plan of Action
If price reaches the M15 resistance then I will need to see a break above and continued momentum to look for the bullish extension.
EURUSD
Price is currently breaking above an interim structure. We are actually already in this trade looking for a wick fill up to that M15 resistance level. If we hold above this interim we could see a strong bullish run however, keep in mind we have just previously been in a bearish cycle so this bullish momentum could be short lived.
M15 Timeframe
I entered this trade as soon as I saw the rejection on the M15 from the H4 interim level. I'm looking for these wicks to be filled up to this M15 resistance before assessing the position again. With the previous M15 momentum this trade does look very convincing to me.
Plan of Action
If price reaches the M15 resistance then I will need to see a break above and continued momentum to look for the bullish extension.
EURUSD