MY IDEOLOGY FOR WHY I WOULD AND WHEN I WOULD TAKE A LONG ON EUR/USD
WHAT I WANT TO SEE:
PRICE BREAK AND CLOSE ABOVE STRUCTURE KEY LEVEL 1.14550
PRICE MAKES A HIGHER HIGH INTO DAILY SUPPLY
PRICE RETESTS STRUCTURE KEY LEVEL 1.14550 WITH BULLISH PRICE ACTION TO CONFIRM WE HAVE MOMENTUM BEHIND THE PRICE
SUPPORTING CONFLUENCES
US DOLLAR INDEX (DXY) IS SHOWING WEAKNESS
HIGHER LOWS ARE BEING MADE
LAST TWO DAILY CANDLES ARE SHOWING BULLISH MOMENTUM (LONG LOWER WICKS)
BREAK OF TL ON 4HR (WILL NEED A CLOSE ABOVE TL ON DAILY AS MORE CONFIRMATION)
COULD BE A POTENTIAL AB=CD PATTERN ALSO
WHAT I WANT TO SEE:
PRICE BREAK AND CLOSE ABOVE STRUCTURE KEY LEVEL 1.14550
PRICE MAKES A HIGHER HIGH INTO DAILY SUPPLY
PRICE RETESTS STRUCTURE KEY LEVEL 1.14550 WITH BULLISH PRICE ACTION TO CONFIRM WE HAVE MOMENTUM BEHIND THE PRICE
SUPPORTING CONFLUENCES
US DOLLAR INDEX (DXY) IS SHOWING WEAKNESS
HIGHER LOWS ARE BEING MADE
LAST TWO DAILY CANDLES ARE SHOWING BULLISH MOMENTUM (LONG LOWER WICKS)
BREAK OF TL ON 4HR (WILL NEED A CLOSE ABOVE TL ON DAILY AS MORE CONFIRMATION)
COULD BE A POTENTIAL AB=CD PATTERN ALSO