The weekly order flow is bearish and the daily is bullish. But let's take a closer look at the EUR from the monthly timeframe:
On the monthly timeframe, the price has hit the middle of the swing structure and has also filled the FVG.
Regardless of the seasonal tendencies that slightly favor the monthly bullish candle, on the weekly timeframe, the price has hit an order block last week and has gathered liquidity at equal levels below this order block.
With all these interpretations and signs that I see, although the daily timeframe has bullish order flow, I think the price can move down from this point (unless Trump gets naughty) and and target external liquidity on March 26.
I predict that the April monthly candle will close as a doji.
Everything is indicated on the chart.
This analysis will be updated in the future.
Be profitable
On the monthly timeframe, the price has hit the middle of the swing structure and has also filled the FVG.
Regardless of the seasonal tendencies that slightly favor the monthly bullish candle, on the weekly timeframe, the price has hit an order block last week and has gathered liquidity at equal levels below this order block.
With all these interpretations and signs that I see, although the daily timeframe has bullish order flow, I think the price can move down from this point (unless Trump gets naughty) and and target external liquidity on March 26.
I predict that the April monthly candle will close as a doji.
Everything is indicated on the chart.
This analysis will be updated in the future.
Be profitable
Trade closed: stop reached
Feel free to reach out with any questions about technical analysis or private training courses via email.
I’m here to help you grow and understand the market better.
alixjey@outlook.com
I’m here to help you grow and understand the market better.
alixjey@outlook.com
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.
Feel free to reach out with any questions about technical analysis or private training courses via email.
I’m here to help you grow and understand the market better.
alixjey@outlook.com
I’m here to help you grow and understand the market better.
alixjey@outlook.com
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.