Quick Summary
EURUSD broke below 1.16824, A corrective move toward the orderblock at 1.17143 is possible
This pullback is expected to act as a continuation zone for further downside and The main objective remains which is filling the liquidity void after the bullish trendline break
Full Analysis
After EURUSD successfully broke below the 1.16824 level the bearish structure remains valid
This break confirms that sellers are still in control following the loss of the previous bullish trendline
From here price may attempt a corrective move higher toward the orderblock around 1.17143
This area is viewed as a potential mitigation zone rather than a reversal point
If price reacts from this orderblock the expectation is continuation to the downside
The overall objective of this move is to continue filling the liquidity void that was left behind during the previous impulsive bullish move
As long as price remains below the broken structure this pullback is considered corrective
The bearish bias remains intact and the focus stays on downside continuation.
EURUSD broke below 1.16824, A corrective move toward the orderblock at 1.17143 is possible
This pullback is expected to act as a continuation zone for further downside and The main objective remains which is filling the liquidity void after the bullish trendline break
Full Analysis
After EURUSD successfully broke below the 1.16824 level the bearish structure remains valid
This break confirms that sellers are still in control following the loss of the previous bullish trendline
From here price may attempt a corrective move higher toward the orderblock around 1.17143
This area is viewed as a potential mitigation zone rather than a reversal point
If price reacts from this orderblock the expectation is continuation to the downside
The overall objective of this move is to continue filling the liquidity void that was left behind during the previous impulsive bullish move
As long as price remains below the broken structure this pullback is considered corrective
The bearish bias remains intact and the focus stays on downside continuation.
Trade active
moving very well,, look at my latest idea to know where EURUSD will go with NFPTrade closed: target reached
i think it will continue lower to sweep the previous low
Related publications
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.
Related publications
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.