EURUSD Daily: 03/01/2023: First long then short or... ?

Well, based on the previous TA in 4 hours chart:

We can see that 1.055 play a key role in our chart.

If the price can stay above and has a bearish reaction we expect scenario 1.

Otherwise, if the price breaks down we expect scenario 2.



💡Wait for the update!
🗓️03/01/2023
🔎 DYOR

💌It is my honor to share your comments with me💌

Comment:

Price breakdown Our important zone.
let's see if it's just for collecting liquidity or if it's a valid break.
We need confirmation at this level.

Comment:

As you can see, the price started upward move after collecting liquidity.

So the first scenario is still valid.

I expect the price goes for collecting liquidity above 1.078

Comment:

As you can see, the price collected liquidity above 1.078.

Now we should wait and see the reaction to the price on Monday.

Price can start a downtrend from here or test the high time frame supply zone that you can see on the chart.

Scenario 1 is still valid.

Comment:

Still valid

Trade closed: target reached:

The price fall from the demand zone and the area that I defined as a selling area.

More than 370 Pips so far.

Cheers 🥂

I hope you use this TA.

Wait for the new TA.