VasilyPonomarev

EURUSD: Important Structure Ahead!!!

Short
FX:EURUSD   Euro / U.S. Dollar

With DXY weakness EURUSD keeps growing.
We saw a nice expansion this week and it's time to look for the next strong supply area.

I am paying close attention to the confluence area between:
1.2 horizontal resistance (current structure high);
Rising trend line ;
1.272 extension of the last bullish leg.

I won't expect a major reversal from the identified area,
rather a pullback to 1.195 at least.

I will be looking for a confirmation on lower time frames before I short.

Good luck!

Comments

Before you short that area,
wait for a confirmation on lower time frame!
that will increase your winning chance!
+1 Reply
Geemix VasilyPonomarev
@VasilyPonomarev, I absolutely agree with you, I drew my fibo levels too and see the high probability of the pair extending to the fib 127 before falling or selling the pair. Thanks for the confirmation bro. Cheers!
Reply
@Geemix, you are welcome my friend 🙏
Reply
dimaatalla17 VasilyPonomarev
@VasilyPonomarev, What do u mean with confirmation ?
Reply
VasilyPonomarev dimaatalla17
@dimaatalla17, Some reversal pattern on lower intraday time frame
Reply
muhammad_vahhaaj VasilyPonomarev
@VasilyPonomarev u are right
Reply
muhammad_vahhaaj VasilyPonomarev
@dimaatalla17 look at the candles of 1 h or 15 m timeframe
Reply
great analysis
my analysis
EUR/USD In Rising Wedge!!
Reply
VasilyPonomarev T_V_TreeTrader
@T_V_TreeTrader, good outlook!
Reply
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