EUR/USD 1H - As you can see above I have highlighted a potential buy zone that we could look to place positions from assuming we are delivered with the confirmation needed in order to execute.
What we would want to see is for price to continue breaking down lower as it is whilst its within this fractal corrective phase.
One we have been delivered with a penetration we will then want to see a fractal BOS to the upside form. This can be found on timeframes as low as the 15M.
Once we have been delivered with that confirmation, we then know that this correction has finished and the next impulsive wave is ready to take place.
From there all we will be waiting for is a fractal pullback to allow for a refined entry in the market. I have a higher TF target price of 1.1512
What we would want to see is for price to continue breaking down lower as it is whilst its within this fractal corrective phase.
One we have been delivered with a penetration we will then want to see a fractal BOS to the upside form. This can be found on timeframes as low as the 15M.
Once we have been delivered with that confirmation, we then know that this correction has finished and the next impulsive wave is ready to take place.
From there all we will be waiting for is a fractal pullback to allow for a refined entry in the market. I have a higher TF target price of 1.1512