EURUSD Trade Idea Dec 13-17 2021
The Logic: Overall EU is bearish from the weekly and Monthly TFs. Also on the weekly TF price has broken key structure, moving towards the downside, hence I'm anticipating a pull back to the OB which caused the break of structure, then a continuation downwards. On the daily TF, price has created a shift in market structure upwards, possibly signaling the pull back has begun. With this SMS I'm anticipating that price will return below the shift as liquidity has been engineered in the area of the shift and as such I'll be looking for buys inside my 1H POI until price returns to the 1W POI that initially created the BMS downwards.
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.