Euro / U.S. DollarShort
EUR/USD Crash????
We can a clear downtrend forming with pairs like the euro and the pound that go against the dollar. The Euro has shown clear signs of bearish downfall through the vast number of bos to the downside and the vast amount of liquidity below that needs to be taken.
In the first scenario we see the possibility that price may move up to fill the IMB taking out any early sellers before continuing in the downtrend targeting the EQL liquidity below.
In the second scenario which I believe to be more likely, we see the Euro drop taking out the EQL liquidity before having enough momentum to retrace into 4H IMB or fill the IMB and push up towards the 6H supply and then crash at least until the bullish momentum on the dollar dies down and markets begin to form clean market structure rather than such euphoric price action
In the first scenario we see the possibility that price may move up to fill the IMB taking out any early sellers before continuing in the downtrend targeting the EQL liquidity below.
In the second scenario which I believe to be more likely, we see the Euro drop taking out the EQL liquidity before having enough momentum to retrace into 4H IMB or fill the IMB and push up towards the 6H supply and then crash at least until the bullish momentum on the dollar dies down and markets begin to form clean market structure rather than such euphoric price action
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