EUR/USD - Trade Idea (Supply & Demand)
I am fairly new to the supply & demand concept. I have traded just pure levels & price action for a few years and wanted to take a dive into supply & demand as they can be very great turning points in the market.
We have seen our wave to the downside off our fresh supply zone which has been completed with over a 3:1 R/R. If we do see a pullback into this lower time-frame supply, I believe we could see another sell off as the EURUSD is overall in a selling market, and possibly break way, way, way lower.
Please use this as educational purposes as I am still learning this concept, but I believe it could be a very nice setup if it even forms.
We have seen our wave to the downside off our fresh supply zone which has been completed with over a 3:1 R/R. If we do see a pullback into this lower time-frame supply, I believe we could see another sell off as the EURUSD is overall in a selling market, and possibly break way, way, way lower.
Please use this as educational purposes as I am still learning this concept, but I believe it could be a very nice setup if it even forms.
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