1. On the weekly time frame (1W) EURUSD is quite bearish, a good amount of lows been raided giving us confirmation that price maintains its bearish momentum.
2. When we zoom in, we find atleast on area where price is reacting to as mitigation in concerned between price levels 1.16149 and 1.15083. Between this price range we see price reacted by giving us atleast a good market shift to the downside after some stop hunt.
3. Dropping to the daily timeframe (D), wecan clearly see price has grabbed some sort of liquidity and broken structure to the down side of which this supports our weekly analysis.
4. Coming to our hourly time frame, we see price in a very good ascending channel that has broken its trend line to the downside confirming more bearish momentum.
5. We can have our direct executions or pending orders on flipped zones or when price retraces to these flipped zones as prices creates lower lows.
Any other thoughts on this?
2. When we zoom in, we find atleast on area where price is reacting to as mitigation in concerned between price levels 1.16149 and 1.15083. Between this price range we see price reacted by giving us atleast a good market shift to the downside after some stop hunt.
3. Dropping to the daily timeframe (D), wecan clearly see price has grabbed some sort of liquidity and broken structure to the down side of which this supports our weekly analysis.
4. Coming to our hourly time frame, we see price in a very good ascending channel that has broken its trend line to the downside confirming more bearish momentum.
5. We can have our direct executions or pending orders on flipped zones or when price retraces to these flipped zones as prices creates lower lows.
Any other thoughts on this?
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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.