-Saturday 04.03.2023 analysis
-What does the tape say on the start of march 2023? Remember we will be closing the first quarter of the year this month and technical analysis has been saying that we are in a bulls market.
-We have already seen price traverse above the 1.06660 supply zone; reversing at 1.01020 but later dropping down to 1.05300 supply zone. You will also note that price formed a higher supply zone at the 1.05300 zone as compared to its immediate left candles at the same zone. A reversal signal maybe?
-Well, March is going to be an interesting month for traders across the globe as any close of the month above 1.07000 (Close of December 2022 quarter) will likely signify that price will continue shooting up; maybe above 1.01020. Right now we are not that far off from the price
Please visit this idea for more info..
-Back to the topic, as you can see, price has been creating higher highs and higher lows this week and i see it testing 1.06660 supply zone early this week. Its approx. 30 pips away which I purpose to grab and from there will be monitoring price action closely to see which direction the market prefers to go then.
-Stay tuned to EMKioko as I follow EURUSD price action next week.
-Please leave a like and subscribe for more EURUSD analysis.
-Trade carefully in the week ahead. Wishing you a restful weekend and a fruitful week ahead.
-What does the tape say on the start of march 2023? Remember we will be closing the first quarter of the year this month and technical analysis has been saying that we are in a bulls market.
-We have already seen price traverse above the 1.06660 supply zone; reversing at 1.01020 but later dropping down to 1.05300 supply zone. You will also note that price formed a higher supply zone at the 1.05300 zone as compared to its immediate left candles at the same zone. A reversal signal maybe?
-Well, March is going to be an interesting month for traders across the globe as any close of the month above 1.07000 (Close of December 2022 quarter) will likely signify that price will continue shooting up; maybe above 1.01020. Right now we are not that far off from the price
Please visit this idea for more info..
-Back to the topic, as you can see, price has been creating higher highs and higher lows this week and i see it testing 1.06660 supply zone early this week. Its approx. 30 pips away which I purpose to grab and from there will be monitoring price action closely to see which direction the market prefers to go then.
-Stay tuned to EMKioko as I follow EURUSD price action next week.
-Please leave a like and subscribe for more EURUSD analysis.
-Trade carefully in the week ahead. Wishing you a restful weekend and a fruitful week ahead.
Note
-market is yet to print a good set up for the week.
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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.