FX EURUSD Potential Forecast | 21st November 2022
Hi everyone, today I will be talking about a possible EURUSD short trade using Smart Money Concepts.
Trade Idea:
1. Price has largely been ranging on the M15 timeframe.
2. Supply zones as seen above has constantly been respected.
3. However demand zone below has been invalidated.
4. Price is trending bearish as of the lower timeframe and current price action.
5. Will be waiting for a retracement to happen in EURUSD to the fair value gap area marked by the green zone.
6. Will look to enter a short position, anticipating price to head down further to grab liquidity.
Market Jargons
- sBOS: break of sub structure
Trade Idea:
1. Price has largely been ranging on the M15 timeframe.
2. Supply zones as seen above has constantly been respected.
3. However demand zone below has been invalidated.
4. Price is trending bearish as of the lower timeframe and current price action.
5. Will be waiting for a retracement to happen in EURUSD to the fair value gap area marked by the green zone.
6. Will look to enter a short position, anticipating price to head down further to grab liquidity.
Market Jargons
- sBOS: break of sub structure