EURUSD –
Seasonally Bearish at the start of May.
On our lower timeframes we are starting to see a confirmed downtrend with 2 cycles giving us a lower low and lower High price formation. Our lower time frame gives us an early indication of what price wants to do. Both 4 hour and 1 Hour is doing this.
Price moving below 1.2000 is my Sell zone and as price cycles below this level I’ll be adding more short positions. 1.2000 Being a key level of Interaction as it has been used as both support and resistance in the past.
Seasonally Bearish at the start of May.
On our lower timeframes we are starting to see a confirmed downtrend with 2 cycles giving us a lower low and lower High price formation. Our lower time frame gives us an early indication of what price wants to do. Both 4 hour and 1 Hour is doing this.
Price moving below 1.2000 is my Sell zone and as price cycles below this level I’ll be adding more short positions. 1.2000 Being a key level of Interaction as it has been used as both support and resistance in the past.