Euro / U.S. DollarShort
UPDATE ON EUR/USD ANALYSIS
EUR/USD 4H - Who watched the latest Sunday Sessions video? As you can see price has played out perfectly to what was suggested both in the video and from the analysis provided earlier on last week.
Moving forward we are wanting to see this bearishness continue, trading us lower, down and into the Demand Zone I have marked out for us below. If you missed the original trade I am expecting price to come to correct.
With price coming to correct itself, we are able to get involved with a more refined entry. Price should pullback to set a lower high in this new bearish structure giving us a prime opportunity to ride price lower.
There is an area of interest right at the last peak, you will see a small green candle representing bullish pressure before a heavy down move, this is an unmitigated area in price that we want to see price trade lower from.
Moving forward we are wanting to see this bearishness continue, trading us lower, down and into the Demand Zone I have marked out for us below. If you missed the original trade I am expecting price to come to correct.
With price coming to correct itself, we are able to get involved with a more refined entry. Price should pullback to set a lower high in this new bearish structure giving us a prime opportunity to ride price lower.
There is an area of interest right at the last peak, you will see a small green candle representing bullish pressure before a heavy down move, this is an unmitigated area in price that we want to see price trade lower from.
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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.
Related publications
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.