Hi traders,
I'm back from holiday and ready to smash the markets. So here's my weekly outlook.
Last week EURUSD went up and down impulsive. So that could be the X- and Y-leg of the red Y-leg.
In that case next week we could see a downmove to fill the imbalance and sweep liquidity under the previous swing low and after that it could go up for wave 3 (black). Or it can go up from here. If price breaches the red line this wavecount would be invalid.
Trade idea: You could trade sells into the FVG.
Let's see what the price action does next week and react.
If you want to learn more about trading with supply and demand and wave analysis, please make sure to follow me, give a like and respectful comment.
This shared post is only my point of view on what could be the next move in this pair based on my analysis. I do not provide signals.
Don't be emotional, just trade!
I'm back from holiday and ready to smash the markets. So here's my weekly outlook.
Last week EURUSD went up and down impulsive. So that could be the X- and Y-leg of the red Y-leg.
In that case next week we could see a downmove to fill the imbalance and sweep liquidity under the previous swing low and after that it could go up for wave 3 (black). Or it can go up from here. If price breaches the red line this wavecount would be invalid.
Trade idea: You could trade sells into the FVG.
Let's see what the price action does next week and react.
If you want to learn more about trading with supply and demand and wave analysis, please make sure to follow me, give a like and respectful comment.
This shared post is only my point of view on what could be the next move in this pair based on my analysis. I do not provide signals.
Don't be emotional, just trade!