EURUSD 13/02/2024 Update
Updated
* For my own journaling purposes and daily chart time*
** blessings **
4 Hr
4 hour swing is bullish.
4 hour internal is bearish.
Considering the daily trend is overall bearish, and the pullback is finished then the 4 hour swing may be ready to shift bearish.
We are at a demand zone, so we should expect a reaction. Trapping buyers.
M15
M15 swing is bearish.
M15 internal has shifted bearish.
Natural order flow will be to target the M15 weak lows.
As far as a possible trade setup:
There is a valid supply zone (FVG present) sitting above the Asia session high (liquidity).
Looking to sweep asia and mitigate the supple zone.
Price action after mitigating the supply zone will dictate possible shorts to target M15 weak lows.
** blessings **
4 Hr
4 hour swing is bullish.
4 hour internal is bearish.
Considering the daily trend is overall bearish, and the pullback is finished then the 4 hour swing may be ready to shift bearish.
We are at a demand zone, so we should expect a reaction. Trapping buyers.
M15
M15 swing is bearish.
M15 internal has shifted bearish.
Natural order flow will be to target the M15 weak lows.
As far as a possible trade setup:
There is a valid supply zone (FVG present) sitting above the Asia session high (liquidity).
Looking to sweep asia and mitigate the supple zone.
Price action after mitigating the supply zone will dictate possible shorts to target M15 weak lows.
Note
Sold off from extreme supply zone. Unfortunately with the volatility around CPI news release there was no entry confirm for me.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.