EURUSD Potential Forecast | Tuesday 17 January 2023
Hi everyone, today I will be talking about a possible EURUSD short to long trade using Smart Money Concepts.
Trade idea
1. Price is currently consolidating and ranging
2. At the highest blue zone, I have marked the FVG (fair value gap) that price can potentially tap into
3. Given the bullish momentum, I believe price can come up to that area before heading back down to clear the sellside liquidity before once again looking for LONGS
4. Essentially I will be targeting the various sweep of liquidity first before entering into the market.
Things to look out for:
1. Price could potentially make new highs from here and not necessarily come down to clear the sell side liquidity, be sure to stick to your trading plan!
Thank you and trade safe guys!!!
Trade idea
1. Price is currently consolidating and ranging
2. At the highest blue zone, I have marked the FVG (fair value gap) that price can potentially tap into
3. Given the bullish momentum, I believe price can come up to that area before heading back down to clear the sellside liquidity before once again looking for LONGS
4. Essentially I will be targeting the various sweep of liquidity first before entering into the market.
Things to look out for:
1. Price could potentially make new highs from here and not necessarily come down to clear the sell side liquidity, be sure to stick to your trading plan!
Thank you and trade safe guys!!!