Forex Hyper Institute

EURUSD taken 1min

16.06.22 Trading Journal

The USD index was trading at a key price point which it failed to break previously.(entry #1)
The AUD index is appearing stronger market structure wise.

Entry Usd index broke H4 mkt structure to bearish confirming weakness and change of trend.
We saw a BOS on H1 TF further confirming our bias.

Additional confluence of 50,200 ema cross on m15 further confirmed my peak lock.
Pullback to 200 ema, BTMM stuff.

Chart pattern-inverted head and shoulders pattern.
Look at the break and retest.

Additional confirmation, pyschological level 0.68700

Daily market structure had confirmed a bullish momentum.
Looking at the USD index, price is at critical price where price previously failed to break.
On lower time frame,(1 hr) confirmed a break of structure to the up side.
Looking at the pyschological levels, price was trading at 1.04000 which I deem an important price for instutional traders using quarters theory appreciation.
Analysis was to take a long trade on EU, we will carefully watch for any bearish continuation.
Meanwhile, we are long.

Post trade analysis. NZD/USD