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Supplyandemandzones

EURUSD Short outlook after the bearish momentum of FOMC.As you can see, since the 20th of September, the market has been ranging and generating liquidity for the FOMC to go smoothly and trap all sellers and buyers. We can right now see that the momentum is to the downside. I have annotated with a W1H what I think to be the potential Weekly high, so we can be expecting new Lower Lows from now on. The potential level to be reached is the W1/D1 low that I have been calling for a few weeks already during the Weekly outlook and setups. As for today, we can potentially have a bullish move during London and then a sell off during NY. I will share some entry zones as well now. Here is how I imagine the 15M to develop: Let me know what you think!
Short
by TradingFanatic
2
Likely Reversal on the 1h EURGBP ChartI just took a short trade on EURGBP which I hope will close during the London and/or New York sessions. Why did I take the trade? Price is moving within a parallel channel on the 1h chart and is most likely on its way down after having touched the top resistance zone A major bullish manipulation was followed by a smaller bullish manipulation (a.k.a. impulse moves). Based on these moves, I marked up a possible supply zone on the 4h (!) chart for the price to retrace back to, before continuing down Price action showed signs of weakness in the marked-up supply zone, breaking multiple consolidation structures. This signals a clear entry for me TP is set right before both the nearest major demand zone and the diagonal bottom support zone. SL is set a little above the now-established swing high. As always, let me know what you think of this trade idea! I'd love to hear your feedback.
Short
by GizzoFX
2