EURUSD
Here is my outlook at how I see EURUSD price action. overall price is bearish on 4HR with LH and LL. Daily is also bearish failing to make HH and HL after pushing out of a strong resistance level. On 4HR price has respected a previous supply zone and appears to be breaking to downside. I will be getting into a short at 1.08450 looking for TP at strong demand zone of 1.08200 area. Have a great weekend everyone.
Trade active:
Price seems to be respecting sell side liquidity for bears. London and New York session will be confirming on Monday.
Comment:
Price has been consolidating. And right now appears to be heading to the upside towards the Daily OB.
Trade active:
Price has broken out and appears to continue up to test the previous strong high 1.08600 Lvl. I still believe price is overall bearish and that this is a liquidity grab for sellers. I will continue to monitor the trade.
Trade closed: target reached:
Take Profits reached.