EURUSD ... Price is Bullish in the short term. On the 1 hour and 4 hour time frames, we have clear Bullish setups.
We see price in a Bullish swing. Price is epected to drop into our zone, from where we would expect a reversal, with a target of the 1 hour / 4 hour liquidity target.. Waiting for price to come into our zone to begin trading.
We see price in a Bullish swing. Price is epected to drop into our zone, from where we would expect a reversal, with a target of the 1 hour / 4 hour liquidity target.. Waiting for price to come into our zone to begin trading.
Trade closed: target reached
The market moved according to our prediction, and went all the way to hit our liquidity target at 1.06168.
The market proceeded to tap into our Daily Bearish Zone and from there it is begining to reverse bearish.
Note
On the Daily, it is clear that the market has come to our zone. A Bearish reversal is expected at this level to see prices drive all the way down to the liquidity target at 1.04482
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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.