EURUSD POSSIBLE SHORT(UPDATE)
As posted on September 18, we should be patience with this pair.
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1) D1 seems like the uptrend has paused.
2) H4 is making a Head & Shoulder Pattern.
3) Zooming in to H1, you can see price making a strong Demand Zone by forming a Doji candle, thus making it a Rally Base Rally Demand Zone (1.17409 - 1.17609).
4) To confirm the zone is strong enough, we can see that price has been rejected times when it touches the zone.
5) Be patient and wait. If the price breakout from the H1 Demand Zone , it might be a sell signal.
6) We need to wait for H4 candle to close with high volume (large body) BELOW the Demand Zone . If failed to close below, sell signal is invalid.
7) Now we are waiting for the H4 candle to close below the Demand Zone. If it can close, Short signal may be valid.
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This is just my idea, we can't control the market. Good luck!
.
.
1) D1 seems like the uptrend has paused.
2) H4 is making a Head & Shoulder Pattern.
3) Zooming in to H1, you can see price making a strong Demand Zone by forming a Doji candle, thus making it a Rally Base Rally Demand Zone (1.17409 - 1.17609).
4) To confirm the zone is strong enough, we can see that price has been rejected times when it touches the zone.
5) Be patient and wait. If the price breakout from the H1 Demand Zone , it might be a sell signal.
6) We need to wait for H4 candle to close with high volume (large body) BELOW the Demand Zone . If failed to close below, sell signal is invalid.
7) Now we are waiting for the H4 candle to close below the Demand Zone. If it can close, Short signal may be valid.
.
.
.
This is just my idea, we can't control the market. Good luck!
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