Hello traders:
EOSUSD here on the higher time is looking very dsecent for a mid term buy.
When we zoom out to weekly, we see a strong sell impulse, but after price did not form any continuation structure for further down move.
We then see price begin to form this correction structure, potential for a reversal.
I will be waiting for a confirmed breakout on the higher time frame, and look for continuation correction on the lower time frame for the buy.
Alternatively, price may drop down more to bottom of the structure, then I would still be interested in the buy if I see reversal price action there.
Thank you
EOSUSD here on the higher time is looking very dsecent for a mid term buy.
When we zoom out to weekly, we see a strong sell impulse, but after price did not form any continuation structure for further down move.
We then see price begin to form this correction structure, potential for a reversal.
I will be waiting for a confirmed breakout on the higher time frame, and look for continuation correction on the lower time frame for the buy.
Alternatively, price may drop down more to bottom of the structure, then I would still be interested in the buy if I see reversal price action there.
Thank you
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