Your Reason is valid, also hold with BE
Yeah i will adjust my sl into profit or at entry
EURUSD finally gave the reaction I was waiting for.
Price traded into the external high and higher-timeframe supply, then rejected the area.
Now I'm watching the bearish structure developing from that zone.
The external remains intact.
That liquidity sweep into the 1.1580–1.1610 area was important.
Instead of chasing the breakout, I'm watching how price behaves after trading that supply.
So far, sellers are showing their hand.
EURUSD is beginning to align with my bearish 4H bias.
Price traded higher, tapped into supply, and has now started moving lower.
The key now is whether this bearish move can continue and break the relevant internal lows.
This is why I wait for confirmation.
The weekly level gave me the location.
The reaction from supply is now giving me the potential direction.
Location first. Confirmation second. Execution last.
EURUSD rejected the premium area after trading into the supply zone.
Price is now trading around 1.1535.
I'm watching the 1.1515 area as the immediate downside reference.
If sellers continue to hold control, the pullback could finally develop properly.
The bullish move we've seen over the past few sessions may have been the retracement I was waiting for.
Price pushed into the higher-timeframe supply.
Now we're seeing the first signs of bearish continuation
EURUSD sellers are currently in control on the 1H.
After taking the high, price failed to continue higher and started creating bearish structure.
Now I'm watching how price behaves around the 1.1515 area.
I get your point
EU is at the boxed low struggling to go up
No it hasn't been broken
With the reaction am not sure EU will break that level yet
You are expecting price to sweep above those highs
Yes that was the intent but unfortunately it didn't
Price May reverse from the marked low hold with BE
Hope you are holding with BE because price is showing a potential reversal
I'm still holding my sells.
I doubt that zone will hold because it's a weak low
More reason I'm holding my sells
I had set BE since yesterday
I doubt the reversal will hold. Nevertheless I had set BE on the trade
