EU Analysis Breakdown:
My bias for EU aligns closely with GU, anticipating a continued bearish trend as long as the DXY remains bullish. I’ve marked out two supply zones and will wait for either to be mitigated, followed by my lower time frame execution model involving Wyckoff principles.
Once I spot a Wyckoff distribution pattern, liquidity sweep, and CHOCH, I’ll initiate a sell position to keep with the downward trend. If price reaches the 9-hour demand zone at 1.07500, I’ll assess potential buy opportunities there.
Confluences for EU Sells:
- Strong bullish momentum in the DXY supports a downward bias for EU.
- EU’s consistent bearish structure aligns with this trend-following approach.
- An untouched supply zone provides a key area for potential sell entries.
- Significant downside liquidity offers additional targets.
P.S. Price could alternatively rise due to the liquidity above the supply zone, particularly around Asia session highs. Trade safely and stay smart out there!
My bias for EU aligns closely with GU, anticipating a continued bearish trend as long as the DXY remains bullish. I’ve marked out two supply zones and will wait for either to be mitigated, followed by my lower time frame execution model involving Wyckoff principles.
Once I spot a Wyckoff distribution pattern, liquidity sweep, and CHOCH, I’ll initiate a sell position to keep with the downward trend. If price reaches the 9-hour demand zone at 1.07500, I’ll assess potential buy opportunities there.
Confluences for EU Sells:
- Strong bullish momentum in the DXY supports a downward bias for EU.
- EU’s consistent bearish structure aligns with this trend-following approach.
- An untouched supply zone provides a key area for potential sell entries.
- Significant downside liquidity offers additional targets.
P.S. Price could alternatively rise due to the liquidity above the supply zone, particularly around Asia session highs. Trade safely and stay smart out there!
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Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.