DariusFxTrading

EURUSD long or short - Supply Demand - h4 - EXPLAINED

OANDA:EURUSD   Euro / U.S. Dollar
Hello Traders!

Great moves on EURUSD yesterday. Price went up to our Supply Zone. Normally from here I would expect a nice drop to the downside. Also we got a nice price action call but the next candle was not great. It signalize us indecision phase on EURUSD. For those who jumped into the trade they can easily close it in profit or put SL to entry and have a risk free trade. But you can also trade it.
but we can expect from here both sides. LONG and SHORT

Now we can have a look at the DXY to help us with the correlation but also here like mentioned in the last DXY - Analysis we are in the middle of the 2 zones. So also the DXY can not help us with our trading decision. What we can do is to switch to the lower timesframes and to watch there for some price action signals in order to determine our direction.

For me EURUSD is now not a high probability setup. In trading you should focus on high quality and better to trade less then to much. Quality over quantity.

What you can do:
But we also got one possibility. We can wait for the price to go in one direction and to wait for the retest of the Supply or the Demand Zone. At the retest you can then jump into the trade. You got only one problem with the retest. If the banks will have enough quantities in the market, then they will not let the price retesting their zone. The price will simply shot in one direction.

Scalping:
You can also simply Supply Demand Scalp EURUSD. Watch the lower timeframe like 5min and scalp it for a few pips. This is what I like to do personally on such conditions.

That was my Idea and I hope you liked it. Please leave a LIKE if you like the content. In the comment section you can share your view and ask questions.

Thank you and we will see next time
- Darius.

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