EURUSD Potential Forecast | Sunday 11th December 2022
Hi everyone, today I will be talking about a possible EURUSD intraday SHORT trade using Smart Money Concepts.
Trade Idea
1. Price has formed a lower high
2. Price failed to break higher timeframe structure and price is likely to range
3. There is plenty of liquidity below marked by 'liquidity hotspots' for price to clear
4. Demand zone right below the liquidity hotspots serve as a good zone for price to tap into
Hence, I will be looking for potential intraday shorts on EURUSD to take price back down to the demand zone below where I will close my trade fully.
Things to look out for:
- If price were to invalidate the demand zone below, we could potentially see further bearish movements on EURUSD and the trade idea would be invalid.
Lets smash the next week and trade safe guys!
Regards,
CY
Trade Idea
1. Price has formed a lower high
2. Price failed to break higher timeframe structure and price is likely to range
3. There is plenty of liquidity below marked by 'liquidity hotspots' for price to clear
4. Demand zone right below the liquidity hotspots serve as a good zone for price to tap into
Hence, I will be looking for potential intraday shorts on EURUSD to take price back down to the demand zone below where I will close my trade fully.
Things to look out for:
- If price were to invalidate the demand zone below, we could potentially see further bearish movements on EURUSD and the trade idea would be invalid.
Lets smash the next week and trade safe guys!
Regards,
CY