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Eurchfanalysis

EURCHF: This week directional bias seeking sellside liquidity EURCHF has just purged a buyside liquidity pool, and I'm expecting price to trade lower to fill in the sellside inefficiency below. Confluences : 1. We have a short term equal low that formed a on the four hour TF after the inefficient price delivery in the most concluded bullish price leg. I'm looking forward to see price trade lower to seek liquidity below the lows this wee. 2. we just had a liquidity purge, but we haven't seen the smartmoney edge, meaning (Take out their existing long position to go short). I'm looking for the high of the week to definitely form by taking out the short term high created after the purge. 3. After the smart money edge, I'm expecting a displacement to the downside, there I'll be capitalizing on any premium P.D-Arrays to short the market. Conclusion : EURCHF directional bias for this week is bearish, taking short opportunities likely to be is highly probable than longs for the week. StefanFX
Short
by stefan143
2
EURCHF- cannot overcome 0.9820, looking to go short 17 Oct 2022 This pair has been bearish since June, but more recently it has been trying to break above that area. Another attempt is in progress now but in my opinion that will also fail. I am expecting price to turn around and resume the overall bearish trend. I will be looking for some bearish price action in s/r zone on a lower time frame to target the 0.9490 area. If this works out as per my expectation, we may have a +4R trade. Always use sound money and risk management and stay patient in all your trades. If you like my analysis, please give it a “thumbs up” and follow me to get even more awesome content. What do you think about this trade idea? Please comment and share your thoughts!!
Short
by Trading_Vista
2