EnvisionEJ

EU analysis coming into London open

FOREXCOM:EURUSD   Euro / U.S. Dollar
Good Morning Traders!

Sorry about the lack of post yesterday, I will make it up to you with an in-depth post today.

Currently we are in a daily downtrend leaving unmitigated ranges on the way down-these should be filled for efficient PA to continue.

We are also in a 4hr selling range as seen by the overall red box, I have marked 2 ranges that have yet to be mitigated.

My Preferred entry would be the sweep of the Asian session lows as we are in the daily demand area and working our way towards the edge, we also have some nice liquidity above to be run, and EQL under the current PA to be swept. This would give a great long entry an excellent area.

If this doesn't happen we still have an unmitigated range marked in green, above for a sell, I don't like this as much as its not selling at the premium of the overall 4hr range, however I must trade the PA as I see it.

The 3rd entry potential is the top range marked in green, this is with the overall momentum, unmitigated and at a premium of the entire run, it would be a no brainer sell area for me-but I expect it later in the week.

As always trade safe and reach out in DMs if you would like to know more about what we do at envision.

Instagram: @nedmurray