EURUSD 01/02/2023 Update

*For my own journaling purposes*
**Blessings**

Daily

Trend = Bearish
Why: Daily Break of structure to the downside.
Internal 4 hour trend is bullish, catering for the daily pullback to extreme supply.
Price is at 4 hour demand. If the daily pro trend is to continue bearish, then this current 4 hour demand zone needs to be broken.



4 Hour

Trend = Bullish
Why: Break of structure to upside, 4 hour strong demand in control.
Internal Structure is bearish as price has catered for the pullback to 4 hour demand.
Again, knowing daily trend is bearish, and internal structure is bearish, I want to follow this bearish bias through. There needs to be a convincing change in character before looking for longs from this 4 hour demand.



M15

Really just ranging between the high and low following yesterday's NFD and FOMC.
Nothing interesting at the moment. We need clear direction.