EUR/USD 30M - I am looking to sell into this market from one of the two higher Supply zones, I believe price will trade us into the closest one to price and deliver us with some temporary bearishness before trading us higher and into one of the other Supply zones.
From there I want to see price then break structure to the downside confirming the end of the fractal correction before taking its next leg lower and into the higher timeframe Demand zone. As always my SL will be placed above the zone itself and the TP will be placed just above the Demand zone.
Once price has reached the higher time frame Demand zone all short positions will be closed and I will then be waiting for price to put in the confirmation to suggest a higher timeframe leg taking us higher, this will be displayed via a BOS to the upside. I will buy into this market longer term once price pullback after the initial break of structure.
From there I want to see price then break structure to the downside confirming the end of the fractal correction before taking its next leg lower and into the higher timeframe Demand zone. As always my SL will be placed above the zone itself and the TP will be placed just above the Demand zone.
Once price has reached the higher time frame Demand zone all short positions will be closed and I will then be waiting for price to put in the confirmation to suggest a higher timeframe leg taking us higher, this will be displayed via a BOS to the upside. I will buy into this market longer term once price pullback after the initial break of structure.