THOUGHTS ON EUR/USD
EUR/USD 15M - Looking here we are seeing price distribute and show signs of bearishness trading us lower, giving us the suggestion that price is ready to put in the corrective wave and clear some inefficiency.
Once price breaks the last protected low we can safely look to take part in this market, if however price comes to trade into the Supply Zone above before breaking the last low I may be tempted.
As it would be allowing us to enter in on this market with a very refined entry, should price trade in and give us the rejection we want I may look to go short from here, setting my SL above the zone itself and my TP just above the last higher timeframe low.
I am expecting longer term bullishness for this pair so I feel this correction will be short lived and be done to clear any remaining orders before taking us higher so its important we apply safety measures with running trades.
Once price breaks the last protected low we can safely look to take part in this market, if however price comes to trade into the Supply Zone above before breaking the last low I may be tempted.
As it would be allowing us to enter in on this market with a very refined entry, should price trade in and give us the rejection we want I may look to go short from here, setting my SL above the zone itself and my TP just above the last higher timeframe low.
I am expecting longer term bullishness for this pair so I feel this correction will be short lived and be done to clear any remaining orders before taking us higher so its important we apply safety measures with running trades.
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Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.