EURUSD 19/5/24

19 mag

Start this week off with euro to the US dollar as we stated in our breakdown video we are expecting price to give us a form of retracement coming into the beginning of this week daily time frame is bearish weekly is bearish overall the key high time frame trends are bearish. Based on this we have a clear bullish structure on the four hour and hourly time frame meaning that we have to listen to what this is saying for now, If we see these time frames shifting bearish and price begins to align with the higher time frame then we will look to sell this lower into that bias.

Main points to watch are the border block created below after we broke higher within the four hour structure shown in this diagram, If the structure highlighted fails we then have a bearish breakdown and price will begin to align with higher time frame until then we will follow the four hour structure that is highlighted and clearly shows bullish momentum.

Tread carefully follow what price is showing you always risk and appropriate amount.