EURUSD Short Entries
Look to sell EUR/USD on a retest of any of these 2 points with a bullish confirmation
1. Liquidity Imbalance
2. Level 1.17500
Analysis:
1. Price has been on a recent downtrend making good bearish structure.
2. Price made a big drop at the end of last week; creating a imbalanced S&D
3. Price moved a considerable amount away from trendline (Waiting to retest)
4. Take profits along the way towards to level 1.16500
5. DXY has a large bullish imbalance and is expected to retrace before continuing higher
1. Liquidity Imbalance
2. Level 1.17500
Analysis:
1. Price has been on a recent downtrend making good bearish structure.
2. Price made a big drop at the end of last week; creating a imbalanced S&D
3. Price moved a considerable amount away from trendline (Waiting to retest)
4. Take profits along the way towards to level 1.16500
5. DXY has a large bullish imbalance and is expected to retrace before continuing higher
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.