HTF Update: EU Uptrend Healthy?
Markets are currently in an uptrend, continuing the move at the start of April 2021 after reaccumulating from August through November 2020.
Looking at the supply that was tapped into in January earlier this year, price is not showing much sensitivity to the updated supply level.
Therefore, expecting the market to continue rising, seeking the liquidity above the high.
Typically, would want to see the high at 1.23496 broken to confirm new structure but as soon as the supply level has failed, expecting the low at 1.17042 will hold towards new highs.
~Blessed Trading~
Looking at the supply that was tapped into in January earlier this year, price is not showing much sensitivity to the updated supply level.
Therefore, expecting the market to continue rising, seeking the liquidity above the high.
Typically, would want to see the high at 1.23496 broken to confirm new structure but as soon as the supply level has failed, expecting the low at 1.17042 will hold towards new highs.
~Blessed Trading~
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