EURUSD SELL opportunity on the 4H Timeframe.
For this pair, there is a strong bearish market structure due to the strenghtening of the DXY (even if inflation is steadily coming in).
Multiple rejections from key levels on this time frame, with the latest from the 1.21950 area.
My personal BIAS on EURUSD for the week to come is BEARISH.
In case the price will go up to the 1.21800 area and I will have the confirmation that it will reject from there, I will look for a sell from the Orderblock at that level.
Great attention because there are multiple buy stops and I personally think that if the price will strongly go down, it will first go up above the 1.22000 area to take out those buystops.
In this case, patience is key, we have to wait for the price to show us its direction.
If the price will do its descent, I will look for the 1.20900 area for Take profit.
What is your opinion on this pair? What do you think the Greenback will do this week?
Please LIKE, SHARE and SUBSCRIBE if you find this idea useful.
Remember: THIS IS NOT FINANCIAL ADVICE. THIS IS ONLY A TRADING IDEA. Do your own research. Use proper risk management. Never trade without a Stop loss and open positions accordingly to the size of your trading account.
For this pair, there is a strong bearish market structure due to the strenghtening of the DXY (even if inflation is steadily coming in).
Multiple rejections from key levels on this time frame, with the latest from the 1.21950 area.
My personal BIAS on EURUSD for the week to come is BEARISH.
In case the price will go up to the 1.21800 area and I will have the confirmation that it will reject from there, I will look for a sell from the Orderblock at that level.
Great attention because there are multiple buy stops and I personally think that if the price will strongly go down, it will first go up above the 1.22000 area to take out those buystops.
In this case, patience is key, we have to wait for the price to show us its direction.
If the price will do its descent, I will look for the 1.20900 area for Take profit.
What is your opinion on this pair? What do you think the Greenback will do this week?
Please LIKE, SHARE and SUBSCRIBE if you find this idea useful.
Remember: THIS IS NOT FINANCIAL ADVICE. THIS IS ONLY A TRADING IDEA. Do your own research. Use proper risk management. Never trade without a Stop loss and open positions accordingly to the size of your trading account.
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.