Price seems to have tapped a flip zone I overlooked on yesterdays chart. After Tapping the supple price plunged down into a consolidated trading range right before the weekend close. What can we expect moving forward? These are curious times for this pair. Who knows whats in store, potential low breaks down. considering the massive pushes down and recent structure...
This is my first daily EU chart, so any critique is open! here ive marked out the most recent supply and demand zone on the Daily Chart. Im expecting price to continue down further and possibly break structure on the way down. Euro/Dollar has been providing opportunities in its extreme bearish nature and has been below $1 for days now.
Identified PFL PFH and the three tiered market cycle.