TradingView
Sphinx_Trading
May 11, 2023 1:43 AM

EUR/USD: +250 pips short opportunity (pivot included)  Short

Euro Fx/U.S. DollarFXCM

Description

- Price sweep the last high at 1.10800 and started consolidating building liquidity at supply area.
- Considering a huge pole of liquidity also below Equal lows at 1.09400.
- price may drop to 1.06500 demand zone.
* Pivot: 4h closure below 1.09400

Comment

- 4h closure below pivot

Comment

- 1h Closure below 1.09100

Comment

- Weekly closure with +100 pips.

Comment

- Price dropped +180 pips from pivot price.
- We broke the our main low at 1.08400 (change of character)
- We may have a major retest to supply zone at 1.09000.

Trade closed: target reached

Comments
JoeChampion
Great!
More