EUR/USD
Updated
why i think eur/usd can see higher prices - engulfing the h4 bearish breaker / order block simultaneously.
1. ECB recently increased interest rates from 0 to 0.50%, interest rate increases make it more attractive to foreign investors to hold the currency with higher interest rates as they can earn more on their investment in that currency, aswell as with the current relief risk on is seeing i would be anticipating some of that capital will be heading to the eur to take advantage of the new interest rates.
- if you like smart money concepts then this long would also fill in an imbalance & in basic liquidity analysis it would also take out the sellside stop losses along with taking sell stops before price heads down, overall i do think eur/usd will head lower, but i would like to see this move play out first,
Entry im looking for is $1.01100 with my stop loss at $1.00810
1. ECB recently increased interest rates from 0 to 0.50%, interest rate increases make it more attractive to foreign investors to hold the currency with higher interest rates as they can earn more on their investment in that currency, aswell as with the current relief risk on is seeing i would be anticipating some of that capital will be heading to the eur to take advantage of the new interest rates.
- if you like smart money concepts then this long would also fill in an imbalance & in basic liquidity analysis it would also take out the sellside stop losses along with taking sell stops before price heads down, overall i do think eur/usd will head lower, but i would like to see this move play out first,
Entry im looking for is $1.01100 with my stop loss at $1.00810
Note
For those wondering how i would get my entry if im short time looking for higher prices is simple sell to buy transfer from investors, for price to go higher it tends to sell & vice versa for short trades
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