Be patient with EURUSD.
1) D1 seems like the uptrend has paused.
2) H4 is making a Head & Shoulder Pattern.
3) Zooming in to H1, you can see price making a strong Demand Zone by forming a Doji candle, thus making it a Rally Base Rally Demand Zone (1.17409 - 1.17609).
4) To confirm the zone is strong enough, we can see that price has been rejected [4] times when it touches the zone.
5) Be patient and wait. If the price breakout from the H1 Demand Zone, it might be a sell signal.
6) We need to wait for H4 candle to close with high volume(large body) BELOW the Demand Zone. If failed to close below, sell signal is invalid.
.
.
.
This is just my idea, we can't control the market. Good luck!
2) H4 is making a Head & Shoulder Pattern.
3) Zooming in to H1, you can see price making a strong Demand Zone by forming a Doji candle, thus making it a Rally Base Rally Demand Zone (1.17409 - 1.17609).
4) To confirm the zone is strong enough, we can see that price has been rejected [4] times when it touches the zone.
5) Be patient and wait. If the price breakout from the H1 Demand Zone, it might be a sell signal.
6) We need to wait for H4 candle to close with high volume(large body) BELOW the Demand Zone. If failed to close below, sell signal is invalid.
.
.
.
This is just my idea, we can't control the market. Good luck!
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.