Overall Context:
I expect a range-bound market in EURUSD in terms of seasonality during summer May-June and USD weakness in the mid-term.
EURUSD Short idea:
The price has started to move lower during last two weeks. This short-term downward trend is expected to continue.
The idea has following confluences and key points.
1. The idea is to play the H4 bearish orderblock (supply zone) to next H4 bullish orderblock (demand zone) where we expext a correction.
2. Price to take out up-side liquidity during last couple of days and high of last week (ending 19 May 2023) i.e. 1.0905 to stay in place.
3. I expect to trade mature for execution 1-2 days into the coming week (23 May 2023).
I expect a range-bound market in EURUSD in terms of seasonality during summer May-June and USD weakness in the mid-term.
EURUSD Short idea:
The price has started to move lower during last two weeks. This short-term downward trend is expected to continue.
The idea has following confluences and key points.
1. The idea is to play the H4 bearish orderblock (supply zone) to next H4 bullish orderblock (demand zone) where we expext a correction.
2. Price to take out up-side liquidity during last couple of days and high of last week (ending 19 May 2023) i.e. 1.0905 to stay in place.
3. I expect to trade mature for execution 1-2 days into the coming week (23 May 2023).
ASG
Humility & Discipline.
Humility & Discipline.