I’m currently more confident in EU’s bearish setup compared to GU, as price is nearing a clear point of interest (POI) that aligns well with the developing downtrend. The 2hr supply zone has already caused a CHoCH (Change of Character), and price has been approaching it slowly and with reduced momentum — often a strong indication of an upcoming reaction.
While price isn’t near a demand zone yet, I’ll be keeping an eye on the 7hr demand zone below. If price reaches that area, I’ll be looking for a high-probability buy setup in line with the broader market context.
Confluences for EU Sells:
Price has tapped into a 2hr supply zone that caused a CHoCH to the downside
Bearish pressure remains strong, supported by DXY strength
Clean liquidity to the downside that needs to be swept
Slowing momentum and signs of distribution as price approaches supply
P.S. If price continues lower from this point, I anticipate another break of structure, which could form a new supply zone to work with later this week.
Let’s stay patient, follow the flow, and execute smart. 🔥📉💼
While price isn’t near a demand zone yet, I’ll be keeping an eye on the 7hr demand zone below. If price reaches that area, I’ll be looking for a high-probability buy setup in line with the broader market context.
Confluences for EU Sells:
Price has tapped into a 2hr supply zone that caused a CHoCH to the downside
Bearish pressure remains strong, supported by DXY strength
Clean liquidity to the downside that needs to be swept
Slowing momentum and signs of distribution as price approaches supply
P.S. If price continues lower from this point, I anticipate another break of structure, which could form a new supply zone to work with later this week.
Let’s stay patient, follow the flow, and execute smart. 🔥📉💼
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Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.