March 23 EUR/USD Analysis
Updated
- Price is still in a similar situation as yesterday - March 23 on the 4 Hour Timeframe.
- I still maintain the bias that 1.09700 - 1.09600 is a strong area for price to reverse.
- On the 15-minute timeframe, I expect the price to move to the 1.10000 - 1.10040 area range and move down to the above-mentioned strong area of 1.09700 - 1.09600.
- An alternative expectation would be to see the price go directly to the 1.09700 - 1.09600 area and reverse towards the upside.
- These are my expected moves for today. However, I'll sit back and let the price show its intentions, as these are just predictions and price may change intentions at any point. Let's be flexible and adaptable and react to price signals instead of trying to guess the next move.
Nonetheless, Be Prepared!
- I still maintain the bias that 1.09700 - 1.09600 is a strong area for price to reverse.
- On the 15-minute timeframe, I expect the price to move to the 1.10000 - 1.10040 area range and move down to the above-mentioned strong area of 1.09700 - 1.09600.
- An alternative expectation would be to see the price go directly to the 1.09700 - 1.09600 area and reverse towards the upside.
- These are my expected moves for today. However, I'll sit back and let the price show its intentions, as these are just predictions and price may change intentions at any point. Let's be flexible and adaptable and react to price signals instead of trying to guess the next move.
Nonetheless, Be Prepared!
Note
We're now at the key zone. Let's see if the zone is strong enough to reject and reverse price.Note
Currently seeing some 15-minute reaction to that area.The price on the 1-minute chart is currently ranging. I will be looking for entries if we push impulsively to the upside in the next 15-20 minutes.
Note
Price moving as expected.I am now looking for entry opportunities to the upside.
Note
15-Minute price action rejecting our anticipated key area.Note
So far, I will enter if I see a price action pattern similar to the one attached.This might change as price develops.
Note
Entry SetOrder cancelled
Move basically played out as expected, but I wasn't tagged in. Will look for short term short opportunities.
Order cancelled
Out of the market for today.
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