Hello to all of you,
Because of the fluctuation on the markets, I thought that it will be useful to do another analysis for updating the latest on Eur/Usd.
After the good news and the decrease of bearish pressure, as we pass the resistance and stable at the first yellow line, we can search for the best entry like I said in the previous analysis.
Furthermore, I have drawn for you the demand and supply zones, specifically the demand zone is the area that Big Buyers are taking control of the market, in contrast the supply zone is the level that the Sellers short big amounts. Therefore, I expect the price to touch the second or the third yellow resistance horizontal lines and after that to decline with target the supply zone.
But remember, we have to see a confirmation signal from the price action in order to start putting entries and stop losses to this trading plan.
But the bias remain Short.
You can join if you like in my free telegram group, I am trading almost 2.5 years, you are more than welcome.
Thank You,
Because of the fluctuation on the markets, I thought that it will be useful to do another analysis for updating the latest on Eur/Usd.
After the good news and the decrease of bearish pressure, as we pass the resistance and stable at the first yellow line, we can search for the best entry like I said in the previous analysis.
Furthermore, I have drawn for you the demand and supply zones, specifically the demand zone is the area that Big Buyers are taking control of the market, in contrast the supply zone is the level that the Sellers short big amounts. Therefore, I expect the price to touch the second or the third yellow resistance horizontal lines and after that to decline with target the supply zone.
But remember, we have to see a confirmation signal from the price action in order to start putting entries and stop losses to this trading plan.
But the bias remain Short.
You can join if you like in my free telegram group, I am trading almost 2.5 years, you are more than welcome.
Thank You,
