EU Weekly Outlook: 2022 June Week 1
1M State: Bearish Trend
1D State: Bullish Trend
15m/1H State: Bullish Trend
Currently there are 2 higher time frame targets: 1M OB (not seen on chart, above the 1D supply zone) which is the anticipated target for the 1D bullish trend and the 1M Old Lows, the target for the 1M bearish trend.
Note: The 1D bulls may not break the shown 1D supply level and instead dive to take liquidity below the 1M lows first.
Therefore this week's primary focus is the 1D supply zone for sells.
This should provide some pips to be caught by selling. Potential selling targets are the 15m demand zones and the fvg below one of the lows. May also continue even lower to take out the 1M lows. This is very possible as this is an NFP week (high volatility).
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Trying to build the journaling habit.
Look out for 2 weekly charts:
- Market recap
- Market outlook
~Blessed Trading~
1D State: Bullish Trend
15m/1H State: Bullish Trend
Currently there are 2 higher time frame targets: 1M OB (not seen on chart, above the 1D supply zone) which is the anticipated target for the 1D bullish trend and the 1M Old Lows, the target for the 1M bearish trend.
Note: The 1D bulls may not break the shown 1D supply level and instead dive to take liquidity below the 1M lows first.
Therefore this week's primary focus is the 1D supply zone for sells.
This should provide some pips to be caught by selling. Potential selling targets are the 15m demand zones and the fvg below one of the lows. May also continue even lower to take out the 1M lows. This is very possible as this is an NFP week (high volatility).
------------------------------------------------------------------------------------------------------------
Trying to build the journaling habit.
Look out for 2 weekly charts:
- Market recap
- Market outlook
~Blessed Trading~
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