EURUSD - Overview
Updated
Price has been pushed down to create an equal low.
0.50% Fib retracement has fulfilled from Thursday's high to Friday's low.
I anticipate 0.618% to fulfil as this aligns with 4H FVG as marked, before a continuation of price weakening.
Targets are as exposed. Both liquidity stops which also align with bullish orderblocks.
This is speculative and not financial advice. Do your own due diligence!
0.50% Fib retracement has fulfilled from Thursday's high to Friday's low.
I anticipate 0.618% to fulfil as this aligns with 4H FVG as marked, before a continuation of price weakening.
Targets are as exposed. Both liquidity stops which also align with bullish orderblocks.
This is speculative and not financial advice. Do your own due diligence!
Note
Note
1H update: 0.38% retirement has been met. This is typically the first level of retracement that is always hit. I anticipate price to continue bullish towards the 4H FVG.
I will be looking for shorts in this price region (1.107 - 1.109)!
Note
Note
Trade opportunity was missed as 4H FVG wasn't mitigated. Lower timeframe entries could have been viable, however it is best to stick to your trading plan and allow the market to come to you rather than chasing it!
Orderflow sentiment was correct.
I will monitor price action, should it reach the bullish orderblocks as charted. I will. consider long opportunities at these zones. They align with psychological levels too.
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