March 21 NY Session Trading EUR/USD
Updated
- bullish order flow - Uptrend.
- Price could go down until the 1.10000 - 1.09500 region before reversing to the upside, or it can simply keep pushing to the upside.
15 Minute Chart
- Price found support at 1.10040: Previous area that generated strong upside momentum on March 16
- Bullish order flow: Uptrend
- Price is consolidating and substructure is bearish
- A confirmation of a trend continuation would be if the substructure turns bullish
- Trendline resistance at the peak of the bullish trend around 1.10700 area, it could be a trap entry area
- 1.10500 Area could be an interesting level to briefly push the price to the downside until the 4H bearish target before pushing Up.
Personally I'm either looking for 1 Minute reversals on the 1.10500 area to go short, or looking for M15 Price action to break and close above 1.10555 to look for long opportunities.
If I go short, I'll likely target 1.10060
For long trades I will still have to assess the situation
Key levels https://www.tradingview.com/x/NLWxQzRO/
Short area: 1.10500
Long area: above 1.10555
These are just projections. Remember to react to price action, not predict! Things can change.
Note
Price just tapped the area of interest for short trades. Will look for possible entry opportunities on the 1 Minute chart upon clear confirmation of bearish momentum.Note
Looking to enter at 1.10484 on 1 minute chart if we see price consolidate for 3-5 minutesNote
Price didn't do that! entry idea is scrapped.Order cancelled
We have high-impact news now. Price reached the projected high-interest zone but hasn't yet provided high-quality entry opportunities. Closing the trading session for the day.
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