EUR/USD is showing signs of overextension on the daily. With an RSI reading of 24 and nearing the bottom of a declining trend line, we should start to see some calls for liquidity from sellers, opening up the opportunity for buyers to recover slightly. I identified our upper supply zone which which sits right at our Major CHoCH level. I’m expecting price to rebound toward the fib 61.8/70.7% level for a mitigation and pull of liquidity. Our two trade opportunities are: 1. Short-Term +- 3 R:R trade to the upside riding with the buyers toward mitigation and liquidity levels 2. Long-Term short trade once we mitigate these levels and grab liquidity for the sell-off
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10 and 3 R:R short term buys are active and quickly approaching their take profit levels!