EURUSD 06/02/2024 Update
*For my own journaling purposes*
**Blessings**
4 Hour
Trend = Bullish
Price is at extreme discounted demand.
Expecting some kind of a reaction.
Daily trend is bearish, therefore keep in mind HTF expectation is for this zone to fail eventually.
M15
Trend = Bearish
Large gaps as a result of NFP, and considering we are at 4 hr demand it might happen that we react to close the gap before contunuing with daily trend.
**Blessings**
4 Hour
Trend = Bullish
Price is at extreme discounted demand.
Expecting some kind of a reaction.
Daily trend is bearish, therefore keep in mind HTF expectation is for this zone to fail eventually.
M15
Trend = Bearish
Large gaps as a result of NFP, and considering we are at 4 hr demand it might happen that we react to close the gap before contunuing with daily trend.
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