Euro / U.S. DollarShort
EURUSD - Monday: Possible Sell Setup
Friday overall was bearish
1 - Around 0.99958 was the Day's High
2 - Around 0.99301, price made a Low
3 - Price reached the Premium Area for Sell (0.764 - 1). "Sell High" or "Buy Low" rule.
We see it made a huge candle rejection/wick. It also respects the golden zone (0.5 - 0.618)
4 - Price retested the Low 0.99301
5 - Market closes with price sitting on the golden zone.
6 - One possibility is it will hit the order blocks (around the red lines) before going more down like the reaction in #3.
It could possibly hit the key level support around 0.98938 before bouncing up.
*Disclaimer: This is not a financial advise.
1 - Around 0.99958 was the Day's High
2 - Around 0.99301, price made a Low
3 - Price reached the Premium Area for Sell (0.764 - 1). "Sell High" or "Buy Low" rule.
We see it made a huge candle rejection/wick. It also respects the golden zone (0.5 - 0.618)
4 - Price retested the Low 0.99301
5 - Market closes with price sitting on the golden zone.
6 - One possibility is it will hit the order blocks (around the red lines) before going more down like the reaction in #3.
It could possibly hit the key level support around 0.98938 before bouncing up.
*Disclaimer: This is not a financial advise.
Disclaimer
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