We had another Demark breakdown today of Euro demand line on 4 hrs chart.
Valid breakdown by several criterias. Target coincides with last week´s DM Pivot.
Notice there might be a pullback and trendline retest. Now we stopped at daily DMS1 with small bullish hourly pinbar.
Pullback is not guaranteed if 2 nd breakout candle will be bearish.
Price will react at weekly DMS1.
Valid breakdown by several criterias. Target coincides with last week´s DM Pivot.
Notice there might be a pullback and trendline retest. Now we stopped at daily DMS1 with small bullish hourly pinbar.
Pullback is not guaranteed if 2 nd breakout candle will be bearish.
Price will react at weekly DMS1.
Trade closed: target reached
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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.