Short

Major Zones For this Week

Okay. So my approach to the EURUSD as you see is simply marking out or identifying major Zones. How I did that was I went to the weekly timeframe and marked the high and the low of last week's weekly candle by the wick using horizontal lines. Once that was done, I went down to the H4 and using the direction of the horizontal lines I used to mark the weekly candle's high and low. I used the same lines on the H4 to identify major turning points on Eurusd for the buy(demand) and sell(supply) zones. How I drew my supply zone on the H4 was simply to identify an engulfing buy fail that led to a huge sell in the previous weeks using the horizontal line. I did the same thing for my demand zone by identifying an engulfing sell fail on the H4 using the horizontal lines that led to a huge buy to the upside in the previous weeks. What I'm expecting now is a sell of about 170 pips+ on Eu. So if price closes below the demand zone which I identified using the mini horizontal line by the body of the H4 candle or H1 candle and retests. It will sell back down to the demand zone below. Thanks 😁

goodnessadie

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