A big red candle > whats next on EurUsd
Updated
we were expecting to go long on order block of 1.0700 but price didnt retest the zone at first and whoever bought with direct limit order their stop loss was taken out but we had calculated risk of 20 pips
but if the conservative trade who waited for choc entry the entry did not triggred
.......................... thats the wrap from previous analysis ....................
currently the big bar candle will be tempting for further selling point
the reason for big red candle is because of sundden bounce on DXY index
euro had opposite reaction to the price chart
.............................................................................................
tenchnically wait for the price to make choc on 1h time frame
and from that bos we look for trade if the setup complete of higher low and higher high then
only we will look for buying side
1.06930 to 1.06300 will the area where price will hunt for liquidty pools
if the 4h candle closes below this level then only we will look for bearish side
but if the conservative trade who waited for choc entry the entry did not triggred
.......................... thats the wrap from previous analysis ....................
currently the big bar candle will be tempting for further selling point
the reason for big red candle is because of sundden bounce on DXY index
euro had opposite reaction to the price chart
.............................................................................................
tenchnically wait for the price to make choc on 1h time frame
and from that bos we look for trade if the setup complete of higher low and higher high then
only we will look for buying side
1.06930 to 1.06300 will the area where price will hunt for liquidty pools
if the 4h candle closes below this level then only we will look for bearish side
Note
price didnt breakdown below 1.06300 levelnext new resistance is 1.0671
Note
price holding well above 1.06300but then price is halting in range phase
and beyond technical BOE is working on rate hike thing
and many eyes on fed too
Note
1.06700 is acting new supportprice rejected from 0.7 lvl of fib retracement
Note
zone breakdown today will have to renalyse eurusd chartOrder cancelled
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