Euro / U.S. DollarShort
EUR/USD Bearish Outlook 07.10 -> 11.10
Happy Sunday, Traders!
On the hourly TF, price created a massive bearish imbalance in the market due to NFP news, I see this as an overreaction by the market. Thus, I expect price to retrace into the news candle, which is a potential long opportunity, if we break structure on lower timeframes.
However, on the Orderblock marked, I expect price to retrace back down. If we do push higher, I expect us to take out Sell-side liquidity on the high created by the candle just before news. I will look for shorts at this price range, entering off a low TF FVG.
I expect the USD to continue rising in the following month up to November due to the upcoming elections.
Thank you and happy trading :)
On the hourly TF, price created a massive bearish imbalance in the market due to NFP news, I see this as an overreaction by the market. Thus, I expect price to retrace into the news candle, which is a potential long opportunity, if we break structure on lower timeframes.
However, on the Orderblock marked, I expect price to retrace back down. If we do push higher, I expect us to take out Sell-side liquidity on the high created by the candle just before news. I will look for shorts at this price range, entering off a low TF FVG.
I expect the USD to continue rising in the following month up to November due to the upcoming elections.
Thank you and happy trading :)
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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.
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.