Possible Outcome of this week EUR/USD
I have shown two charts D/4hr right next to each other to make you & me understand better.
D- bullish since we have not made a valid swing low followed by a CHoCH
4- bearish (hence the retrace on D)
From here we could either push up to hit that bearish imbalance near 1.11 which will most likely act as fuel to drop price back to the bullish imbalance near 1.102 because of USD news this week (if in favour of dollar).
Just sharing my views of the charts, ❗️❗️PLEASE TAKE TRADES BASED ON YOUR STRATEGY❗️❗️ Don’t use charts to blindly take trades
Good luck and let’s make some money
D- bullish since we have not made a valid swing low followed by a CHoCH
4- bearish (hence the retrace on D)
From here we could either push up to hit that bearish imbalance near 1.11 which will most likely act as fuel to drop price back to the bullish imbalance near 1.102 because of USD news this week (if in favour of dollar).
Just sharing my views of the charts, ❗️❗️PLEASE TAKE TRADES BASED ON YOUR STRATEGY❗️❗️ Don’t use charts to blindly take trades
Good luck and let’s make some money
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