EquilibriumTradingAlexMO

Possible EURUSD short off D1 supply zone

Short
FX:EURUSD   Euro / U.S. Dollar
EURUSD "IF THEN" scenario

IF price rallies to the D1 drop base drop institutional supply zone which was responsible for eliminating the Weekly DZ, I am setting a pending order with
1/1 RR

Check the snapshot of the CFTC COT report orders for EURUSD since the beginning of the year.
Noticing the numbers for the last 2 weeks, it seems that a shift in positions will occur sooner rather than later

Stay green
Comment:
SELL LIMIT order placed
Order cancelled:
Canceled this position.
The CFTC COT data shows that a move higher is possible
The Non Comms have added longs and shorts also.
Which tells us that a possible momentum shift may happen
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.