drop down to lower timeframe for confirmation if market manage to come to that 30m demand.
I hope you life the analysis do press the follow button for more such trade idea breakdown in the future.
In 30m timeframe i got a nice trade idea for this pair if it will work out as planned then targets are pretty massive. lets wait for the market to come to that demand then i will look for some confirmations in lower timeframe (1,3,5m) for entry.
if you like the analysis do follow me fore more daily trade ideas. I hope you have a profitable week
as you know the overall eur/usd in bearish right now .as dollar is strengthening all dollar related currencies like gbp/usd ,eur/usd , and nzd/usd are loosing their value so overall i am looking for short position next week.
the idea formulated when in 1h timeframe market is uptrend forming HH and HL to now break a HL (wick break ) which kind of confirm that...
market is about to change from uptrend to downtrend in 1h timeframe (by change of character) . after the change of character market reverse to fill the imbalance. after hitting a 15m imbalance market once again form change of character and then market reverse back to fill the imbalance in lower timeframe market once again form change change of character.....
there was a 30m strong demand zone where I was looking for market to retest, when market came inside that region show some nice rejection sowing buying pressure breaking 1m, 5m and 15m structure showing buying pressure for entry i market a inefficient candle where market accumulated before breaking 1m structure and also it was imbalanced.
in higher timeframe market is in uptrend and market till now haven't hit the supply zone formed so that's why overall I am looking for long . if market will break that structure and form a change of character then it is giving some confirmation that market is about change its direction in low timeframe to fill high timeframe trend. i will wait for a retest and...
