Trader_Miles

EURUSD Multi Timeframe Analysis Weekly

Long
OANDA:EURUSD   Euro / U.S. Dollar
Jan 3rd 2024

1. Price is in the weekly internal break of structure and ranging between the equilibrium of the swing range

2. Currently in the weekly A.1 Supply Zone with momentum to the upside.

3. Price has a change of character to the bullish upside in the weekly I-Bos swing range

4. As of Jan 03rd 2024 the week i-bos is protected and is the strong structure .

5. As for my risk management framework price is more likely to us this supply zone (W A.1) to generate a move to the downside using the buy-side liquidity to induce market participates.

6. 1 & 2 GREEN Dot are in strong supply zone and is causing a Reaction to price to the downside. See Daily chart

7. The Framework is to trade from strong protected orderflow (square zone with W on right hand side See black* to the left hand side) for reference)

8. See The daily chart for the top down and bottom up analysis

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