EURUSD 2/6/24

6월 2일

EU markup following our previous weeks chart work, this is honestly pretty clear to us we have 2 options.
We run bullish following the 4hour structure and taking us out of the higher timeframe range we have been within for 2 weeks now, or we fall in line with higher timeframe trend.

Its how these 2 ideas play out or if they play out at all is the key point to keep in mind here. We sit within an internal bullish range that was given to us on Friday, if we close out above this high iam expecting price to run out the highs we have in place already and follow up higher into the hourly trend.
If we follow what we think may happen then we expect to see price drop lower breaking us out of the bullish range we are currently in, this will in turn tell us we expect price to drop lower and break out of the bullish trend we are sitting within!

Read price and follow what structure is showing you!