EURUSD - Short

FX:EURUSD   Euro / U.S. Dollar
A) Price encounters S/R zone, consolidates, then is overcome by selling pressure;
B) Strong buying pressure and the first sign of a strong bottom;
C) Strong selling pressure and the first sign of a strong top;
D) Strong bottom reconfirmed;
E) Strong top reconfirmed;
F) Price reaches lower lows and is met with very strong buying pressure;
G) Price returns to previous S/R zone, is met with strong selling pressure;
H) Price has broken previous bottom, moreover it has confirmed h&s reversal pattern;

Strong selling pressure is met with some buying pressure due to profit taking and value buyers (B, D, F), however price was not able to break previous S/R zone (A) after some consolidation and has since broken previous S/R zone into previous supply zone .

Price expected to continue downward before encountering previous bottom.


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