Fed02

Forecast on EURUSD for May 2021

Short
OANDA:EURUSD   Euro / U.S. Dollar
For this month I am bearish on EU.
I am anticipating an upwards move filling in the 4H liquidity voids and maybe take out the PMH and PWH to get enough liquidity to drop significantly all the way to the daily liquidity voids.

Personally going into the month, I'll be looking for longs off the OB's with a Wyckoff distribution off of it.

Then, when price reaches tipping levels, I'd be looking to short it all the way down to 1.1925 and 1.18.

What do you guys think about my forecast? And what are you guys forecasting for this month?

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