My bias for EUR/USD this week aligns with a potential upside movement, mirroring Scenario (A) in my analysis of GU. While I anticipate eventual selling pressure, there's currently no clean unmitigated supply zone that catches my interest. Instead, I foresee a retracement to the 10-hour demand zone for a potential buy opportunity, aligning with the current upward trend.
During this pullback, I expect price to re-accumulate within the zone, providing an opportunity for buying positions targeting either the equal highs or the imbalance above. However, my focus for this week revolves around identifying buying opportunities, considering the anticipated drop in price for future opportunities.
My confluences for EU Buys are as follows:
- Price has been moving bullish recently reinforcing this idea with recent break of structure.
- DXY has been moving very bearish recently supporting this idea.
- Clean 10hr demand zone left that has caused BOS, expect it to continue the trend.
- Daily imbalance above that needs to get filled.
- Lots of liquidity to the upside like equal highs and trend lines.
P.S. I wouldn't be surprised if price keeps surging from my demand zone, situated at a psychological key level, and proceeds to rally up to mitigate the significant 20-hour supply zone. This is where I anticipate the next significant downturn to occur.
Have a great trading week and watch out for this Tuesday's & Thursday's news events!
Uero target 113 atau lebih xausd 2220 atau 2300 btc 75000 atau lebih pola ascending morubozu 3 candle hija 1candle 200 pip atau 180an yuk kita analisis..krn faktor perang yg berkepanjangan
TheFxAce
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The evidence you present for an uptrend is compelling and well-researched.