My weekly bias for EU - Bearish.
I believe we are in a bearish institutional order flow.
Commitment of traders are strong on bearish orders
since late Jan 2021.
Commercial sell orders are slowly decreasing and getting
ready for buy orders.
Where I think they are looking to take liquidity
before a strong bullish move are the weekly equal
lows. I will be targeting that area this week and
looking for sell ideas only.
I believe we are in a bearish institutional order flow.
Commitment of traders are strong on bearish orders
since late Jan 2021.
Commercial sell orders are slowly decreasing and getting
ready for buy orders.
Where I think they are looking to take liquidity
before a strong bullish move are the weekly equal
lows. I will be targeting that area this week and
looking for sell ideas only.
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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.