A few weeks ago I had been following EURUSD looking for an opportunity to get in on the potential change of the bear market. After a few stop losses and early entries, I still haven’t managed to get the typical low risk opportunity.
In the current price point
As seen on the weekly chart, price seems to have made basing action.
On Daily
price has already given a break of structure (@1.18135)
We are trading at a pivot lower high which already seems might push price lower to test the initial breaks.
For entries long, I’ll be watching the first BOS point at 1.17200 then the demand at 1.18000for another one in case price doesn’t test that deep.