EURUSD has been in a massive downside momentum. We are close to a strong Demand zone at 1.11371 and 1.11106 level where we will be looking for Long trades in the Zone but that doesn't mean that we cant take advantage on the short term movement to the downside before going long on this pair. We can see on the M15 time frame that we have a pattern in a pattern structure. The descending channel is a reversal pattern to the upside . I believe Price will go back up to 1.11737 and 1.11843 zone before heading to the downside. We can take advantage and look for Short trades in that Supply zone.
Thank you.
Thank you.
Comment:
EURUSD - Price managed to move up to the supply zone and I'm currently in the trade. Possible vs Probability. Price is currently in a bear flag moving to the downside. Price might move back to the upside to complete the M formation before moving to the downside. If price breaks our trendline to the downside there will be plenty of opportunities to enter the market. Patience is Key.