Daily bias with 4hr breakdown.
In today's analysis, we have a clear bullish daily bias, and the price is currently at the area of a bullish continuation internal demand zone. However, we should not forget that the price has also mitigated the area of the swing structure extreme high, so there is a chance that the internal structure may not hold.
Focusing on the most recent structure, the 4-hour timeframe has just broken below the internal higher low (HL). Therefore, we can expect a bullish counter-pullback followed by a continuation, provided there is confirmation on the lower timeframes (LTF). Until then, trades can align with the LTF bias.
Focusing on the most recent structure, the 4-hour timeframe has just broken below the internal higher low (HL). Therefore, we can expect a bullish counter-pullback followed by a continuation, provided there is confirmation on the lower timeframes (LTF). Until then, trades can align with the LTF bias.
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