eurusd
on daily time frame as we can see here price approaching structure low in corrective nature with descending channel
so the probability is price move up
and once price reach the first daily structure high we will have more information to then forecast the next possible price movement
in the intraday 1h chart
price impulse down and then it slightly corrective as It get closer to the daily structure low , which is indicating price may move to the upside
to justify an entry here I would wait for price give more confirmation such as multi touch identification , pattern within pattern , candle stick override , nature and structure .
on daily time frame as we can see here price approaching structure low in corrective nature with descending channel
so the probability is price move up
and once price reach the first daily structure high we will have more information to then forecast the next possible price movement
in the intraday 1h chart
price impulse down and then it slightly corrective as It get closer to the daily structure low , which is indicating price may move to the upside
to justify an entry here I would wait for price give more confirmation such as multi touch identification , pattern within pattern , candle stick override , nature and structure .