This is the bearish scenario I'm looking for EURUSD on the following days.
We have a imbalance above and the price already broke a strong demand zone, which means that a correction is more likely to happen.
However before a bigger movement to the downside, I believe the price will fill the imbalance first, or at least, part of it.
Furthermore we have a lot of imbalances created from 3rd March until 6th March.
For these technical reasons I will look for Short entries on this week.
We have a imbalance above and the price already broke a strong demand zone, which means that a correction is more likely to happen.
However before a bigger movement to the downside, I believe the price will fill the imbalance first, or at least, part of it.
Furthermore we have a lot of imbalances created from 3rd March until 6th March.
For these technical reasons I will look for Short entries on this week.
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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.