In this analysis, I have identified a clear Fair Value Gap (FVG) on the EUR/USD 15-minute chart. The highlighted purple zone represents the imbalance between two candles, offering a potential trading opportunity.
Trading Plan:
1. The price is currently in a corrective phase, expected to retrace toward the marked FVG area.
2. Once the price reaches the 1.03989 level the middle yellow line), a reaction and potential reversal are anticipated.
3. After testing the FVG zone, the proposed scenario suggests a continuation of the bearish movement toward new lows, below the 1.0300 level.
Confirmation Factors:
• Watching for the formation of a bearish structure within the FVG zone before entering a trade.
• Cross-referencing with higher timeframes to validate the overall trend direction.
This analysis reflects the application of the FVG strategy, providing clear key levels and a well-defined trading scenario for EUR/USD. Proper risk management and confirmation of steps are crucial before execution.
Trading Plan:
1. The price is currently in a corrective phase, expected to retrace toward the marked FVG area.
2. Once the price reaches the 1.03989 level the middle yellow line), a reaction and potential reversal are anticipated.
3. After testing the FVG zone, the proposed scenario suggests a continuation of the bearish movement toward new lows, below the 1.0300 level.
Confirmation Factors:
• Watching for the formation of a bearish structure within the FVG zone before entering a trade.
• Cross-referencing with higher timeframes to validate the overall trend direction.
This analysis reflects the application of the FVG strategy, providing clear key levels and a well-defined trading scenario for EUR/USD. Proper risk management and confirmation of steps are crucial before execution.
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.
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.