My analysis for EU aligns with my other pairs, as I anticipate a pullback to a stronger demand zone before continuing its bullish pro-trend move. Since price recently reacted bearishly from a supply zone, I expect it to open with a bearish move until it reaches my 3-hour POI, where a potential bullish reversal could take place.
Once price reaches my area of interest, I will look for signs of accumulation and a slowdown, which would confirm a buy opportunity. If price pushes higher instead, I have a fresh supply zone above the previously mitigated one, which could act as a point of interest for a potential reaction.
Confluences for EU Buys:
- Price remains bullish, consistently forming higher highs and higher lows.
- There is a clean, unmitigated 3-hour demand zone that aligns with my setup.
- Liquidity is stacked to the upside, providing targets for the next bullish move.
- DXY has been bearish, which supports this bullish EU outlook.
P.S. Price action has been clean and structured, and I expect it to move as anticipated toward my marked zones. Stay sharp in these markets, and have a great trading week ahead!
Once price reaches my area of interest, I will look for signs of accumulation and a slowdown, which would confirm a buy opportunity. If price pushes higher instead, I have a fresh supply zone above the previously mitigated one, which could act as a point of interest for a potential reaction.
Confluences for EU Buys:
- Price remains bullish, consistently forming higher highs and higher lows.
- There is a clean, unmitigated 3-hour demand zone that aligns with my setup.
- Liquidity is stacked to the upside, providing targets for the next bullish move.
- DXY has been bearish, which supports this bullish EU outlook.
P.S. Price action has been clean and structured, and I expect it to move as anticipated toward my marked zones. Stay sharp in these markets, and have a great trading week ahead!
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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.