EURUSD pullback?? short term buying opportunity to then sell off
As we can see price broke structure(BOS) on the daily and created equal lows ("ELs") where I expect smart money to liquidate and furthermore price is almost at the 50% of a weekly imbalance meaning there is good confluence for a BUY on the short term as a pullback to mitigate the order block (OB) on the daily, which is also a strong supply zone for further confirmation, this zone would then become a strong area to sell from. This would be a great example of how smart money buys to sell. however, price does not have to pull back all the way but my overall bias is to go short on this pair
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.