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

VahidTradingCR Updated   
VANTAGE:EURUSD   Euro / U.S. Dollar

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

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

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