EUR/USD SELL/ SHORT
🔰 Pair Name : EUR/USD
🔰 Time Frame : 1H/4H
🔰 Scale Type : SMALL Scale
🔰 Direction : SHORT/SEL
Yesterday, the EURUSD pair established a notable bottom and subsequently retraced to a point midway within the selling liquidity. Worth noting is that upon reviewing the 1-hour and 4-hour charts, it becomes evident that the price of EURUSD has not yet reached its respective demand zone prior to yesterday's upward movement. Consequently, it is likely that today we may witness a price retracement and a subsequent completion of the retest within the 1/4 Hour demand zone, prior to any subsequent upward movements in price.
🔰 Time Frame : 1H/4H
🔰 Scale Type : SMALL Scale
🔰 Direction : SHORT/SEL
Yesterday, the EURUSD pair established a notable bottom and subsequently retraced to a point midway within the selling liquidity. Worth noting is that upon reviewing the 1-hour and 4-hour charts, it becomes evident that the price of EURUSD has not yet reached its respective demand zone prior to yesterday's upward movement. Consequently, it is likely that today we may witness a price retracement and a subsequent completion of the retest within the 1/4 Hour demand zone, prior to any subsequent upward movements in price.
Trade active
Note
Note
Based on the favourable performance of the 1-hour price movement, it is advisable to set a stop loss 15 pips above the bearish bin bar level and capitalize on the upward momentum. By implementing this strategy, we can potentially benefit from a bearish run.Note
Retest is happening, good entering price again. Stop lose at 60 pips above the bearish pin barNote
Note
EURUSD DOWN EXACTLY FROM OUR 1H SUPPLY ZONE!!!
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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.