Euro / U.S. DollarShort
EUR/USD Short term short to long idea pending...
This week, my focus for EUR/USD is on the supply zone near 1.05800. I anticipate a reaction from this level, making it a key area for potential sells at the start of the week. Following this initial move, I expect a bullish rally to develop midweek.
If the price drops to 1.05200, aligning with my 11-hour demand zone, I’ll shift my focus to potential buys. After receiving valid lower-timeframe confirmations, I plan to target the nearest liquidity pool to the upside as the price resumes its bullish trend.
Confluences for EUR/USD Sells:
Shift in Market Character: Price has shown signs of a downside reversal, suggesting a potential sell-off.
Unmitigated Supply Zone: A clean 2-hour supply zone remains untapped.
Liquidity Below: There’s significant liquidity to the downside that price may target.
Trend Recalibration: Despite the overall bullish trend, a pullback is necessary for continuation.
Note: If the supply zone at 1.05800 fails to hold, it will further confirm bullish momentum. In this case, I’ll wait for a nearby demand zone to form, providing an opportunity to capitalize on the move to the upside. Patience will be key in this scenario.
If the price drops to 1.05200, aligning with my 11-hour demand zone, I’ll shift my focus to potential buys. After receiving valid lower-timeframe confirmations, I plan to target the nearest liquidity pool to the upside as the price resumes its bullish trend.
Confluences for EUR/USD Sells:
Shift in Market Character: Price has shown signs of a downside reversal, suggesting a potential sell-off.
Unmitigated Supply Zone: A clean 2-hour supply zone remains untapped.
Liquidity Below: There’s significant liquidity to the downside that price may target.
Trend Recalibration: Despite the overall bullish trend, a pullback is necessary for continuation.
Note: If the supply zone at 1.05800 fails to hold, it will further confirm bullish momentum. In this case, I’ll wait for a nearby demand zone to form, providing an opportunity to capitalize on the move to the upside. Patience will be key in this scenario.
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