Abstract:~ WEEKLY - We can see price was on a downtrend, and at the low it was ranging showing us bearish momentum slowing down. Price has now broken previous structures, indicating potential change of direction. ~ DAILY - We wait for price to pull back to the AOI which is a strong fib level and multiple rejections making it a valid zone to react from. Overall, I have a bullish bias based on the Weekly and Daily timeframes. As price moves down to my AOI, I will wait for my confirmations across …
Euro / U.S. Dollar Long 6 hours ago 1 Grab this chart Grab this chart 4 4 23 ~ WEEKLY - We can see price was on a downtrend, and at the low it was ranging showing us bearish momentum slowing down. Price has now broken previous structures, indicating potential change of direction. ~ DAILY - We wait for price to pull back to the AOI which is a strong fib level and multiple rejections making it a valid zone to react from. Overall, I have a bullish bias based on the Weekly and Daily timeframes. As price moves down to my AOI, I will wait for my confirmations across multiple timeframes to see how it reacts before entering! #swingtrader #tradingeducation #mjswings #forextrading #tradingstrategy MJSwings Follow Following Chart Patterns Technical Indicators Trend Analysis Disclaimer The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use . Chart Patterns Technical Indicators Trend Analysis MJSwings Follow Following Disclaimer The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use .