Evening Traders,
Today’s analysis- EURUSD- trading below a key level where a bearish retest is probable,
Points to consider
- Price Action Impulsive
- Daily S/R Resistance
- .50 Fibonacci Confluence
- Oscillators neutral
EURUSD’s immediate price action is impulsive, trading below the .50 Fibonacci that is in confluence with the Vwap, a bearish retest here allows for a bearish bias.
The current oscillators are neutral, trading in the bearish control zones, maintaining these levels is indicative of weakness.
Current volume nodes are bearish, follow through is needed to sustain a bearish bias below the Daily S/R.
Overall, in my opinion, EURUSD is a valid short with defined risk, price action is to be used upon discretion/ management.
Hope this analysis helps
Thank you for following my work
And remember,
“Amateurs think about how much money they can make. Professionals think about how much money they could lose.” – Jack Schwager
Today’s analysis- EURUSD- trading below a key level where a bearish retest is probable,
Points to consider
- Price Action Impulsive
- Daily S/R Resistance
- .50 Fibonacci Confluence
- Oscillators neutral
EURUSD’s immediate price action is impulsive, trading below the .50 Fibonacci that is in confluence with the Vwap, a bearish retest here allows for a bearish bias.
The current oscillators are neutral, trading in the bearish control zones, maintaining these levels is indicative of weakness.
Current volume nodes are bearish, follow through is needed to sustain a bearish bias below the Daily S/R.
Overall, in my opinion, EURUSD is a valid short with defined risk, price action is to be used upon discretion/ management.
Hope this analysis helps
Thank you for following my work
And remember,
“Amateurs think about how much money they can make. Professionals think about how much money they could lose.” – Jack Schwager
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Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.
Join the Free Trading Group
Telegram: t.me/freetradingden 🔥
Claim $1000 Deposit Bonus 🎁
Trade with perks & support the community!
partner.blofin.com/d/TheAlchemist
Stay sharp, trade smart.
— Team The Alchemist ⚔️
Telegram: t.me/freetradingden 🔥
Claim $1000 Deposit Bonus 🎁
Trade with perks & support the community!
partner.blofin.com/d/TheAlchemist
Stay sharp, trade smart.
— Team The Alchemist ⚔️
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.