Hello Traders,
I'm back again with a new trade setup, this time on the EURUSD.
Price has recently made a LL on the monthly timeframe, affirming a downtrend.
Price rallies up, reacted with the weekly supply zone, and dropped, showing willing sellers in that zone.
Market also made a bearish engulfing pattern formation on the daily, increasing the odds of a bearish move in a few days when price reaches daily supply zone.
I'm shorting this.
I'm back again with a new trade setup, this time on the EURUSD.
Price has recently made a LL on the monthly timeframe, affirming a downtrend.
Price rallies up, reacted with the weekly supply zone, and dropped, showing willing sellers in that zone.
Market also made a bearish engulfing pattern formation on the daily, increasing the odds of a bearish move in a few days when price reaches daily supply zone.
I'm shorting this.
Trade active
My sell order triggered. Price did pulled back. wew.
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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.