According to my analysis in the link (tradingview.com/chart/EURUSD/HTOKJdGb-EURUSD-Minor-correction-and-upward-movement-this-week/) which reached the target, I wrote in that article that this upward movement is a temporary one, but yesterday, with a very strong movement that led to the breakdown of the structure in the upper timeframe, the order flow in the four-hour and one-hour timeframes also became upward. Note that this order flow in the daily timeframe is still bearish.
According to the interpretation of the chart and using the concept of order flow and structures of different timeframes, we can expect a minor price correction after clearing the Asian High (Of course, this means that the Asian high liquidity clearing may not happen and the price may correct directly without this move) and returning to the support area and then an upward movement to 1.07129.
Do not forget that in these few days we have important data releases such as NFP and this analysis is presented without fundamental discussions and only based on technicals.
I hope it is useful for you
Good luck
According to the interpretation of the chart and using the concept of order flow and structures of different timeframes, we can expect a minor price correction after clearing the Asian High (Of course, this means that the Asian high liquidity clearing may not happen and the price may correct directly without this move) and returning to the support area and then an upward movement to 1.07129.
Do not forget that in these few days we have important data releases such as NFP and this analysis is presented without fundamental discussions and only based on technicals.
I hope it is useful for you
Good luck
Trade closed: target reached
Reached the target but without correctionBe profitable
Feel free to reach out with any questions about technical analysis or private training courses via email.
I’m here to help you grow and understand the market better.
alixjey@outlook.com
I’m here to help you grow and understand the market better.
alixjey@outlook.com
Related publications
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.
Feel free to reach out with any questions about technical analysis or private training courses via email.
I’m here to help you grow and understand the market better.
alixjey@outlook.com
I’m here to help you grow and understand the market better.
alixjey@outlook.com
Related publications
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.