March 22 EURUSD - NY Session Open
- As predicted in yesterday's analysis (March 21, 2022) that price could've gone and retested the 1.10000 - 1.09500 region before reversing to the upside. Price did exactly that (See yesterday's prediction linked to this idea.) Now, what can we expect for today? Let's see!
4H Hour Timeframe:
- Price tapped the 1.10000 - 1.09500 region and is now moving up
- It is currently touching an inside bar (which has the possibility of acting as resistance) so we must monitor how price reacts to it:
- If we break the inside bar region we have bullish confirmation
- If we make a fresh H4 low below 1.09600, we now have a 4 Hour bearish order flow.
15 Minute Timeframe:
I'm neutral.
- Price is currently on an uptrend
- We have broken a small resistance line on the left that had formed a double top
- As previously mentioned we are testing the 4 Hour inside bar area, so it's ideal to wait and let price unfold and show its hand
- It could keep pushing up; pull back before pushing up or completely reverse to the downside
- If it pulls down, I'm looking at 1.1000 or 1.09700 as potential areas for reversals (ideal to look for long trades)
1.09700 - 1.09600 is a strong area!
For now, I'm going to let price action develop and show something more clear.
The main order flow and the trend is bullish and that's my bias but we can always reverse.
Let's read, understand, and react to price action instead of trying to guess and predict
I will share more updates as they develop
4H Hour Timeframe:
- Price tapped the 1.10000 - 1.09500 region and is now moving up
- It is currently touching an inside bar (which has the possibility of acting as resistance) so we must monitor how price reacts to it:
- If we break the inside bar region we have bullish confirmation
- If we make a fresh H4 low below 1.09600, we now have a 4 Hour bearish order flow.
15 Minute Timeframe:
I'm neutral.
- Price is currently on an uptrend
- We have broken a small resistance line on the left that had formed a double top
- As previously mentioned we are testing the 4 Hour inside bar area, so it's ideal to wait and let price unfold and show its hand
- It could keep pushing up; pull back before pushing up or completely reverse to the downside
- If it pulls down, I'm looking at 1.1000 or 1.09700 as potential areas for reversals (ideal to look for long trades)
1.09700 - 1.09600 is a strong area!
For now, I'm going to let price action develop and show something more clear.
The main order flow and the trend is bullish and that's my bias but we can always reverse.
Let's read, understand, and react to price action instead of trying to guess and predict
I will share more updates as they develop
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