EURUSD - 8 September 2022

Price has just put in a new 4H HH, we may expect a retracement from here as price has formed a 4H bearish candles after BOS. Now, price may continue to go higher or we might see a deeper pullback into the 4H bullish leg, depends on how price deliver.

1H is now retracing after the 1H bearish CHoCH, we can see the way price moving back up is relatively corrective, wait for 1H or at least 15m supply to take back control then we may look for a temporary short (playing the 4H pullback).