SHORT - EURUSD (D) (28 May 2023)
Position Trade - EURUSD
EURUSD is reaching FRESH area of Monthly Supply. Could be MEGA opportunities selling all the way down once it happens.
In the Monthly Chart,
- Price reaching Monthly fresh area of Supply which is a Continuation Demand; nevertheless, it is a strong zone since it pressed the price down from Feb 2022.
In the Weekly Chart,
- The WK Supply zone is not fresh, hence I am looking for SELLS once price breaks another zone to sell from there, instead of expecting price to retrace back to the higher supply zone, which has been tested.
In the Daily Chart,
- If price breaks the Weekly Demand zone, look for a valid zone in the Daily chart for SELLs
Alerts were set in the Weekly Chart on 28 May 2023.
EURUSD is reaching FRESH area of Monthly Supply. Could be MEGA opportunities selling all the way down once it happens.
In the Monthly Chart,
- Price reaching Monthly fresh area of Supply which is a Continuation Demand; nevertheless, it is a strong zone since it pressed the price down from Feb 2022.
In the Weekly Chart,
- The WK Supply zone is not fresh, hence I am looking for SELLS once price breaks another zone to sell from there, instead of expecting price to retrace back to the higher supply zone, which has been tested.
In the Daily Chart,
- If price breaks the Weekly Demand zone, look for a valid zone in the Daily chart for SELLs
Alerts were set in the Weekly Chart on 28 May 2023.
Note
a D1 pending SELL limit order has been placed on 1 June 2023Note
Note
This analysis will be archived and a new one will be done.
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