EU price structure on the higher timeframe still remain in favor for LONGS even the lower timeframe now is still on a bearish movement.
4h price range are: HIGHER KEY LEVEL - (1.10961) & LOWER KEY LEVEL (1.09090)
15min range are:HIGHER KEY LEVEL - (1.10920) & LOWER KEY LEVEL (1.09664)
Price now moving inside the recent 15min range downwards, what we are looking for is the PULLBACK point for 5min to go up in order to take the trade LONG inside the 15min range.
as for the Range of 5min recent had seen a failed entry which is confirmed last week and now price is targeting to break the high key level of 5min range. (1.10477) and upon breakage of this said level we may now wait to confirm inside the range (1.10477 - 1.09664) for the entry confirmation to target the HIGH KEY LEVEL of 15min range and also if the setup is correct it will break the 4h range and make the NEW HIGH above HIGH KEY LEVEL (1.10961).
CURRENT PRICE : 1.10319 (developed a new entry confirmed to SHORT but not taking it :) )
4h price range are: HIGHER KEY LEVEL - (1.10961) & LOWER KEY LEVEL (1.09090)
15min range are:HIGHER KEY LEVEL - (1.10920) & LOWER KEY LEVEL (1.09664)
Price now moving inside the recent 15min range downwards, what we are looking for is the PULLBACK point for 5min to go up in order to take the trade LONG inside the 15min range.
as for the Range of 5min recent had seen a failed entry which is confirmed last week and now price is targeting to break the high key level of 5min range. (1.10477) and upon breakage of this said level we may now wait to confirm inside the range (1.10477 - 1.09664) for the entry confirmation to target the HIGH KEY LEVEL of 15min range and also if the setup is correct it will break the 4h range and make the NEW HIGH above HIGH KEY LEVEL (1.10961).
CURRENT PRICE : 1.10319 (developed a new entry confirmed to SHORT but not taking it :) )