Euro / U.S. DollarShort
Bearish Sentiment on EURUSD
My bearish sentiment on EURUSD are backed by the following
confluences-
1) Market structure (BoS), 2) OB-supply, 3) Imbalance, 4) Liquidity.
So my markups are done on the 4hr timeframe which is my major
higher timeframe (HTF) used.
So price has successfully broken structure lower showing a
continuation in the bearish trend, and price has successfully retraced back up filling up the imbalances, where this retracement of price back to my point of interest happens to be my Liquidity which is my 4th confluence, and now price is at my main point of interest which is the
Supply zone to mitigate it. If price successfully tends to respect this
supply zone, I’m expecting it gives me my basic entry structure on the lower
timeframe which is a ChoCh-higher high,higher low,higher high and then a lower low. Then if this emerges successfully I’ll have my entry placed on any supply formed on the lower timeframe. Where I’ll be targeting a minimum of 1:2.5 as profit target.
Note: the financial market is all about probabilities, which also
makes my analysis a probability.
confluences-
1) Market structure (BoS), 2) OB-supply, 3) Imbalance, 4) Liquidity.
So my markups are done on the 4hr timeframe which is my major
higher timeframe (HTF) used.
So price has successfully broken structure lower showing a
continuation in the bearish trend, and price has successfully retraced back up filling up the imbalances, where this retracement of price back to my point of interest happens to be my Liquidity which is my 4th confluence, and now price is at my main point of interest which is the
Supply zone to mitigate it. If price successfully tends to respect this
supply zone, I’m expecting it gives me my basic entry structure on the lower
timeframe which is a ChoCh-higher high,higher low,higher high and then a lower low. Then if this emerges successfully I’ll have my entry placed on any supply formed on the lower timeframe. Where I’ll be targeting a minimum of 1:2.5 as profit target.
Note: the financial market is all about probabilities, which also
makes my analysis a probability.
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