Top down analysis shows that we are bearish on EU.
Fundamentally we are facing an economy melt down.
We expect either of these two scenarios to play out;
1. A buy up to the nearest tested resistance and sell continuation
2. A break of the resistance to fill the H4 imbalance and a sell continuation after.
We shall wait for confirmation to sell at the first POI or a buy to the second POI.
Disclaimer: This is not a financial advice. use proper risk management. Goodluck.
Fundamentally we are facing an economy melt down.
We expect either of these two scenarios to play out;
1. A buy up to the nearest tested resistance and sell continuation
2. A break of the resistance to fill the H4 imbalance and a sell continuation after.
We shall wait for confirmation to sell at the first POI or a buy to the second POI.
Disclaimer: This is not a financial advice. use proper risk management. Goodluck.