EURUSD Monthly has a Bearish Orderflow and after the Break of Structure I'm expecting a pullback to the premium Zone around 1.011021 - 1.14980, Weekly switched bullish in respect to mitigate the monthly supply zone but currently price is resting on a weekly supply zone, I'm expecting a pullback to the Demand zone that caused the Break of Structure around 0.99759 - 0.97307, Daily orderflow is bullish and hasn't yet aligned to switch bearish in respect to the weekly to help mitigate the weekly demand zone. In as much as the Daily Broke Structure and orderflow is bullish, then I'm expecting a pullback to the Discount Demand zone around 1.03945 - 1.02902
4H has been able to mitigate it's discount demand zone with a nice push to the upside but has failed to break the 4H week swing high, there is a probability that the 4H strong swing low will get run and dropping down to the 15M, I will be looking for opportunities to go short. Liquidity sweep occurred twice before the 15M switched bearish, in the process, two other demand zones has been mitigated and there is no probability that those zones will hold.
Since 15M has a Bearish BOS, then I'm expecting a pullback to the premium supply zone to go short. First supply zone has already been mitigated and I'll be sticking to the extreme supply zone around 1.05758 - 1.05882. I have my entry from the 1M refined zone around 1.05785 with a 10Pips SL at 1.05885 and a Profit target of 112.2Pips at 1.04663 resulting to a 11.22 RR
NOTE THAT:
It is better to get a confirmation entry once price taps into that 15M zone, this will help you get a lower SL for a better RR.
I draw inspirations to define my trades from these great people and I hope to be better understand and define the market like they do in the near future. Please my Bosses, let me know what are your views on EURUSD this week. Thank you. @PhotonTradingFX @MagicFXAcademy @allisodiq507 @WorldwideFxTrade @sabzfx @SHOKANE_E @FalconTradingGuidance @sabzfx @magicfx_
4H has been able to mitigate it's discount demand zone with a nice push to the upside but has failed to break the 4H week swing high, there is a probability that the 4H strong swing low will get run and dropping down to the 15M, I will be looking for opportunities to go short. Liquidity sweep occurred twice before the 15M switched bearish, in the process, two other demand zones has been mitigated and there is no probability that those zones will hold.
Since 15M has a Bearish BOS, then I'm expecting a pullback to the premium supply zone to go short. First supply zone has already been mitigated and I'll be sticking to the extreme supply zone around 1.05758 - 1.05882. I have my entry from the 1M refined zone around 1.05785 with a 10Pips SL at 1.05885 and a Profit target of 112.2Pips at 1.04663 resulting to a 11.22 RR
NOTE THAT:
It is better to get a confirmation entry once price taps into that 15M zone, this will help you get a lower SL for a better RR.
I draw inspirations to define my trades from these great people and I hope to be better understand and define the market like they do in the near future. Please my Bosses, let me know what are your views on EURUSD this week. Thank you. @PhotonTradingFX @MagicFXAcademy @allisodiq507 @WorldwideFxTrade @sabzfx @SHOKANE_E @FalconTradingGuidance @sabzfx @magicfx_