POTENTIAL SELL ON EUR/USD WEEK 08/01

EUR/USD 30M - As you can see above I have gone ahead and highlighted a valid last Buy to Sell region, this signifies as a valid Supply zone that we could potentially look to sell from once we see price penetrate.

With a-lot of Supply waiting round this zone, once price penetrates and taps in we can expect a-lot of Supply to be introduced flipping that Supply & Demand balance.

This in theory should reverse the market creating its next higher TF (Time Frame) impulsive wave lower, allowing us to execute sell positions with a refined entry.

I would look to place my SL above the high created from the penetration and my TP set at the previous swing low as illustrated, these areas are both safe and achievable.