EURUSD: Curve Analysis (216m)
Updated
✨ Today's USD News was a tremendous catalyst to this short we've been waiting on for days
(see the previous Curve Analysis under "Related Ideas" attached to this post)
📉 As anticipated, on the 1m chart, we got our first confirmation of PA breaking out of the range to the downside.
🙏🏾 Let's hope it holds
(see the previous Curve Analysis under "Related Ideas" attached to this post)
📉 As anticipated, on the 1m chart, we got our first confirmation of PA breaking out of the range to the downside.
🙏🏾 Let's hope it holds
Comment
EURUSD (1H)
SLO1 @ 1.0638 📉
TP1 @ 1.0595 🤑
TP2 @ 1.0560 🤑
TP3 @ 1.0533 🤑
TP4 @ 1.0495
TP5 @ 1.0470
🤔If PA retraces back up to Supply, there's also the possibility of PA reacting to it and returning to the downtrend
🙏 Hopefully, PA reaches our TP4, and TP5 as well
Comment
✍️ Since PA on the NZDUSD has the probability of going higher, the same would be true of the EURUSD, since they are positively correlated
🚫 I'm lowering my +SL @ 1.0569 in case it breaks this Supply Zone, which I think it will
Trade closed: stop reached
As anticipated, Price Action broke the Supply Zone and triggered our +SL for a profit of +68 pips.
Professor C. E. Ward
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