EURUSD to see further downside on Wednesday
Firstly, an analysis of the Daily USDX chart suggests that today's price action was a necessary pullback before going longer, aiming for the weekly draw on price at the equal highs and liquidity void around 98 - 98.50. https://www.tradingview.com/chart/uPEjppzc/
Thus, I will be looking for SHORTS on the EURUSD tomorrow during the London session between 07:00 - 10:00 GMT time. You can see on this chart the two areas I will be targeting tomorrow. Short area 1 would be looking for price to fill in the remainder of the pricing inefficiency that exists after Monday's big down trading day and find resistance at a 15Min order block. Short area 2 would be looking for price to find resistance at a 4HR order block and Friday's low.https://www.tradingview.com/chart/uPEjppzc/
Thus, I will be looking for SHORTS on the EURUSD tomorrow during the London session between 07:00 - 10:00 GMT time. You can see on this chart the two areas I will be targeting tomorrow. Short area 1 would be looking for price to fill in the remainder of the pricing inefficiency that exists after Monday's big down trading day and find resistance at a 15Min order block. Short area 2 would be looking for price to find resistance at a 4HR order block and Friday's low.https://www.tradingview.com/chart/uPEjppzc/
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.