TheAlcoveFx

EURUSD STRUCTURE Trade

FX_IDC:EURUSD   歐元 / 美元
Hey Traders,

So taking a quick look at EURUSD I'm keeping an eye out on a retracement, at this point I have no clue what the market will do, since we are bearish on the HTF and bullish on LTF, but like always, I keep my views objective and identify the main levels of support and resistance and see where the market is more likely to pause, reverse or continue.

For EURUSD , we did break a major level of resistance on the LTF, signaling bullish momentum especially after making new lower lows. I can see all the way to my left a previous level of support where price may reverse at coming back down to support which gives us an opportunity to get long till the next resistance level .

So for now, I sit on my hands and just wait. BTW when the market does come down, I won't enter aggressively, I will be looking for a conservative entry.

Like always if you have any questions feel free to comment below
Good looking setup
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TheAlcoveFx Akil_Stokes
@Akil_Stokes, thank you my man
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