Hello Students and Traders,
Just thought to give y'all a quick top-down analysis on the EURUSD pair today.
While we see some Bearishness on the Monthly chart, the lower time frames of the Weekly, Daily and 4 Hour are all looking Bullish. With these 3 timeframes having a confluence of liquidity target, which is only a few pips shy of the Monthly Zone, it appears the market is looking to drive prices bullish, right into the Monthly Zone, from where we will expect and hope to see the resumed bearishness of the Monthly, together with a consequential reversal of trend on the 3 timeframes of the Weekly, Daily and 4 Hour Timeframes.
For now, we wait and watch how prices play out on the 1 hour, to give us the confirmation to move Bullish, or expect a short term bearish reversal.
Enjoy the analysis guys...
Just thought to give y'all a quick top-down analysis on the EURUSD pair today.
While we see some Bearishness on the Monthly chart, the lower time frames of the Weekly, Daily and 4 Hour are all looking Bullish. With these 3 timeframes having a confluence of liquidity target, which is only a few pips shy of the Monthly Zone, it appears the market is looking to drive prices bullish, right into the Monthly Zone, from where we will expect and hope to see the resumed bearishness of the Monthly, together with a consequential reversal of trend on the 3 timeframes of the Weekly, Daily and 4 Hour Timeframes.
For now, we wait and watch how prices play out on the 1 hour, to give us the confirmation to move Bullish, or expect a short term bearish reversal.
Enjoy the analysis guys...
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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.
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.