EURUSD H4 - SHORT
Prices shows bearish sentiment at our key resistance area. We are looking for a break down off the immediate support and a pullback for a potential SELL opportunity towards 1.18100 support zone.
A trading opportunity for next week and stay tuned to our Weekly Market Analysis this week for more trading setups!
Look for a retest onto previous resistance area for a SHORT opportunity towards 0.70300 support area, and find ways to LONG this towards 0.72200.
Great opportunities on both sides and we'll see which position pends out.
With thanks to ICT Michael J Huddleston, TraderSZ and Midge Drangonflyfx.
Here you can see the inner workings of trading a reversal.
The strategy can be summarised in this way:
High Time Frame Order Block.
Daily Highs and Lows.
A Breaker will be used to sweep daily High.
Price will come back to /HTF and Breaker Order Block and retest.
The market will often...
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Strong impulse move, follow by accumulation and distribution, moving side ways and trapping retail traders, creating liquidity all around.
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