On the 4 hour chart, we are monitoring possible sell opportunities. After the impulsive move represented by the green arrow, the pair is in a bullish correction that seems to be losing momentum. Presently we have a break of structure. I am awaiting a correction targeting a trend line liquidity and fresh order block on the 5 minute charts. The second alternative entry is the fresh order block on the 4 hour timeframe My proposed exit is either the fresh order block at 1.451 or the liquidity at 1.4485. Kindly note, once we have a break in the Keys Structure marker, we will be shift the market structure to bearish targeting 1.42 region.
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Related publications
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.