Similar to GBP/USD, I’m looking for long opportunities on EU. My key area of interest is the 3-hour demand zone, where I will wait for price to mitigate and accumulate before entering a position.
Price has also changed character to the upside, further validating this demand zone as a strong point of interest. Additionally, there is a significant amount of liquidity to the upside that needs to be taken.
The next major supply zone I have marked out is the 23-hour supply zone, which is further away. For now, my focus remains on the demand zone—unless price breaks below, creating a new supply level.
Confluences for EU Buys:
- Bullish market structure shift, with a clean demand zone left behind.
- Unmitigated 3-hour demand zone, making it a strong area of interest.
- Liquidity resting above, which price is likely to target.
- DXY has been bearish, aligning with a bullish outlook for EU.
Note: If price breaks structure to the upside without tapping my nearby demand zone, I will either wait for a new demand zone to form or look for a sell-to-buy opportunity from supply.
Price has also changed character to the upside, further validating this demand zone as a strong point of interest. Additionally, there is a significant amount of liquidity to the upside that needs to be taken.
The next major supply zone I have marked out is the 23-hour supply zone, which is further away. For now, my focus remains on the demand zone—unless price breaks below, creating a new supply level.
Confluences for EU Buys:
- Bullish market structure shift, with a clean demand zone left behind.
- Unmitigated 3-hour demand zone, making it a strong area of interest.
- Liquidity resting above, which price is likely to target.
- DXY has been bearish, aligning with a bullish outlook for EU.
Note: If price breaks structure to the upside without tapping my nearby demand zone, I will either wait for a new demand zone to form or look for a sell-to-buy opportunity from supply.
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.
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.