AlkalineFX

EURUSD: No Man's Land 🔄

FX:EURUSD   Euro / U.S. Dollar
From a swing trader perspective, price is currently in no man's land. ⚠️

I would advise not looking for long-term swing opportunities until the price has either:

1) Swept liquidity from the un-mitigated supply and last swing high. (Sell Opportunity)

2) Swept liquidity from the mayor monthly order block low. (Buy Opportunity)

With the majority of the market sentiment buying, I assume price will just continue to drop to gather more and more likely, but whatever comes first I will take with my team.
Until then we must sit on our hands and make the most of some intra-day scalps.

Good luck trading this week guys!


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.