EU started the week with a false move. This gave an indication that price could head back toward the peak high. As a result our EMA's crossed creating a possible reset. Right now we have a Lp2 long playing out. Could price just be creating a larger structure to prepare for a bearish cycle? It could. Could price break the high and continue the bullish cycle? It could. What should you do? You should manage all trades according to your trade plan. Keep an open mind and remember that price action trumps all. If you are unsure, pass.
Daily:
H4: No harmonics
H1: Level 2 long, outside structure suggesting short
Look for clear entries during trading hours on the M15, 5 & 1. (London and NY)
Manage all trades according to your trading plan.
***This information provided is not to be taken as a trade signal. Trends and analysis can change at any time.
Feel free to message me with questions and comments.
Daily:
H4: No harmonics
H1: Level 2 long, outside structure suggesting short
Look for clear entries during trading hours on the M15, 5 & 1. (London and NY)
Manage all trades according to your trading plan.
***This information provided is not to be taken as a trade signal. Trends and analysis can change at any time.
Feel free to message me with questions and comments.