092420 EURUSD Possible Setup for Long/Short
092420 EURUSD Possible Setup for Long/Short
Short Scenario
1. Day price hit major demand zone 116253
2. 4H Price pull back and hit Down TL
3. H Sto O/B, reversal candle form
4. E 116663 S 117213 T1 116013 T2 115412
Long Scenario
1. Day price hit major demand zone 116253, might close today with doji candle pattern
2. 4H Down TL violate along with Day Sto O/S
3. Wait for H Sto enter O/S for entry position
4. Estimate Entry point E 116585 S 116269 T1 116902 T2 117218
Short T2 had pass expecting demand zone in day price which is 115829, I would consider
long position more than short because long T2 117218 correspond with Major Supply Zone 117259
Short Scenario
1. Day price hit major demand zone 116253
2. 4H Price pull back and hit Down TL
3. H Sto O/B, reversal candle form
4. E 116663 S 117213 T1 116013 T2 115412
Long Scenario
1. Day price hit major demand zone 116253, might close today with doji candle pattern
2. 4H Down TL violate along with Day Sto O/S
3. Wait for H Sto enter O/S for entry position
4. Estimate Entry point E 116585 S 116269 T1 116902 T2 117218
Short T2 had pass expecting demand zone in day price which is 115829, I would consider
long position more than short because long T2 117218 correspond with Major Supply Zone 117259
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.