Eur/Usd - 1/9/24
- EU is in a critical area at the moment . Daily timeframe is bearish and rejected our supply zone . On the 4 Hour timeframe market structure is still bullish and just a created a demand zone but you can see price action is choppy to even trade . Scenario 1) If demand zone holds we can look for longs and target the highs or Scenario 2) If Demand zone breaks wait for price to create a supply zone to potentially look to enter shorts. Just keep in mind Higher timeframe is on a downtrend and the 4hour uptrend can potentially come to an end . All we do now is wait for our trading session and see what the market gives us.
* Entertaining purposes only *
DAILY:
4HOUR:
- EU is in a critical area at the moment . Daily timeframe is bearish and rejected our supply zone . On the 4 Hour timeframe market structure is still bullish and just a created a demand zone but you can see price action is choppy to even trade . Scenario 1) If demand zone holds we can look for longs and target the highs or Scenario 2) If Demand zone breaks wait for price to create a supply zone to potentially look to enter shorts. Just keep in mind Higher timeframe is on a downtrend and the 4hour uptrend can potentially come to an end . All we do now is wait for our trading session and see what the market gives us.
* Entertaining purposes only *
DAILY: