Euro / U.S. DollarShort
EUR/USD short from 1.05993
With the extreme bullish price movement on the dollar and the continual downtrend on the HTF of the Euro we can expect price to continue in its downward move.
I can expect to see market open and Asian session consolidation before price pushes up taking the Asian session liquidity and reacting from my LTF zone to continue in its downtrend. This is further supported by the fact we see a large wick to the upside before seeing a strong bearish candle suggesting price strength is to the downside.
It is also possible price could push up slightly further as we are beginning to see some HH and HL forming on the LTF signifying a retracement to collect more liquidity before price continues in its downtrend from a 6H supply above.
I can expect to see market open and Asian session consolidation before price pushes up taking the Asian session liquidity and reacting from my LTF zone to continue in its downtrend. This is further supported by the fact we see a large wick to the upside before seeing a strong bearish candle suggesting price strength is to the downside.
It is also possible price could push up slightly further as we are beginning to see some HH and HL forming on the LTF signifying a retracement to collect more liquidity before price continues in its downtrend from a 6H supply above.
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