Hi traders,
Last week EU went up to a 4H supply zone and after that it dropped. This could be wave 1 of (red) C. Price did not close under the swing low so the swing high is weak and could be sweeped.
So next week price could make a correction up into the 4H FVG and drop from there for wave 3. Or it goes up again to sweep the swing high.
Trade idea: Look for (short term) buys after a 4H Change in orderflow to bearish.
If you want to learn more about trading with supply and demand and wave analysis, please make sure to follow me, give a like and respectful comment.
This shared post is only my point of view on what could be the next move in this pair based on my analysis. I do not provide signals.
Don't be emotional, just trade!
Last week EU went up to a 4H supply zone and after that it dropped. This could be wave 1 of (red) C. Price did not close under the swing low so the swing high is weak and could be sweeped.
So next week price could make a correction up into the 4H FVG and drop from there for wave 3. Or it goes up again to sweep the swing high.
Trade idea: Look for (short term) buys after a 4H Change in orderflow to bearish.
If you want to learn more about trading with supply and demand and wave analysis, please make sure to follow me, give a like and respectful comment.
This shared post is only my point of view on what could be the next move in this pair based on my analysis. I do not provide signals.
Don't be emotional, just trade!