Possible EU short...
+ 15 Min. H/L range
+ Tap of supply zone to the left (need re-test to confirm)
+ Asia session sitting below
+ Internal range liquidity areas need to be grabbed ---IRL--- (buys need to be taken out)
+ Trendline liquidity sitting below ---x---
Things are looking quite good for an EG short , to list some reasons why...
+ Multiple Asia sessions need to be filled
+ Liquidity sitting below lowest Asia session
+ Price action is weaking near top, all we need is a nice BOS and re-test of the highest void (nice rejection off of that for an entry)
Counter idea: This idea could become invalidated...
Scale down to the one-minute TF to see my mark up more clearly. My reasons for going short on GU are...
+ Bearish trend overall
+Double bottoms, money sitting down below. People in long positions need to be taken out
+Voids below session low
+Asia session below void was not filled 100%
Going to wait for a BOS once we get a tap of void on 1M before entering,...
Overall trend is bearish on W, D, 4HR. We have a 75% chance of creating a lower high so I'm looking to see a LH creation just below the top of my inside bar, that is also an area of resistance. In the meantime, this can also be counter trend traded before we get that LH formation, if I'm entering in a long position I will be looking for BOS on 15 min. TF and then...
Here's my outlook on EU, we got that BOS, now waiting for a reaction off the void before entering in for a long position. TP set to session high. Trade could become invalidated if price does not respect the void.
I mark up EUR/USD as far back as 19-20th November to present day just showing chart patterns & trend analysis. I am not indicating future price movement just putting my own knowledge to the test and looking for feedback from everyone to see if i am correct with my terms.