EUR/USD 1H - How we getting on people, I managed to get involved in long positions on this market late Wednesday evening.
Unfortunetly I did not provide any clarity of this trade as it was later on in the day and my availibilty this week has been very minimal. What I have done is find a potential re-entry zone for you all.
What I am wanting to see now is for price to trade us lower and into the Demand zone I have marked out for you. From here we can expect Demand to be introduced and for price to put in its next impulsive wave.
Our entry will come after price penetrates this zone and price shows good signs of bullishness, from there we can look to place those long positions and trade price up and into the Supply zone above.
Unfortunetly I did not provide any clarity of this trade as it was later on in the day and my availibilty this week has been very minimal. What I have done is find a potential re-entry zone for you all.
What I am wanting to see now is for price to trade us lower and into the Demand zone I have marked out for you. From here we can expect Demand to be introduced and for price to put in its next impulsive wave.
Our entry will come after price penetrates this zone and price shows good signs of bullishness, from there we can look to place those long positions and trade price up and into the Supply zone above.
Comment:
TITLE WAS SUPPOSED TO BE POTENTIAL RE-BUY ZONE ON EUR/USD NOT "POTENTIAL RE-SELL ZONE ON EUR/USD" THINK THIS WAS OBVIOUS BASED ON THE ANALYSIS AND WRITTEN DESCRIPTION
