Currently, in lower timeframe tend to be uptrend but in higher timeframe it is clearly downtrend. So it is good chance to find some sell setup trade and now it has QML setup with various confluence factor. on the other hand, If QML zone can be engulfed, trend will be changed to be uptrend. However, before trading this zone, waiting for price approaching, liquidity...
EURUSD long term analysis
- There are 2 probably resistance or supply zone that may be respected. However If all of both are engulfed, trend in Higher TF will be changed.
