Hello Guys,
I have been monitoring this pair for some time and based on the market structure and price action, I think EURUSD is set to make the bullish move.
First off, this pair has tapped into the monthly demand zone and also taken out whatever liquidity on the daily time frame that caused the bullish move about a month ago. Like I always say, the market must take to give.
This is typical and is necessary. I have noticed that whatever impulse move up or down that breaks a significant high or low, price is going to sweep the liquidity that caused that move. This is understandable because, stop-losses are there, people have buy-stops there too and the ultimate one is, people that have identified a supposed order block to trade from.
If you are interested in the trade idea, make sure you enter based on your trading plan. For me, I will look for an entry on lower timeframes.
Some other pairs are lining up for a trade opportunity. Ensure you follow so that you do not miss out.
The market is ever changing and people must learn to adapt.
Like and follow for more.
Cheers!
David
I have been monitoring this pair for some time and based on the market structure and price action, I think EURUSD is set to make the bullish move.
First off, this pair has tapped into the monthly demand zone and also taken out whatever liquidity on the daily time frame that caused the bullish move about a month ago. Like I always say, the market must take to give.
This is typical and is necessary. I have noticed that whatever impulse move up or down that breaks a significant high or low, price is going to sweep the liquidity that caused that move. This is understandable because, stop-losses are there, people have buy-stops there too and the ultimate one is, people that have identified a supposed order block to trade from.
If you are interested in the trade idea, make sure you enter based on your trading plan. For me, I will look for an entry on lower timeframes.
Some other pairs are lining up for a trade opportunity. Ensure you follow so that you do not miss out.
The market is ever changing and people must learn to adapt.
Like and follow for more.
Cheers!
David
