EURAUD, ended last week consolidating at the institutional renegotiation zone. I, believe this week the decision will favor the Bulls because price has already swept the sell side liquidity to activate an institutional buy order at the order block.
If the market favors the Bulls, price will break the renegotiation trend line with a shift candle creating an imbalance in the market, then price will come back to fill that imbalance and give the Bulls a perfect entry at 75% discount price of 1.75688 zone. The target will be the renegotiation resistance at 1.77063 zone to sweep the buy side liquidity. Lets watch together and see what happens by tomorrow and Tuesday this week.
Entry, stop loss and take profit are clearly marked out on the chat.
GOOD LUCK GUYS!
DICLAIMER
This analysis might fail due to market uncertainties. Take full responsibility of your capital and manage your own risk
If the market favors the Bulls, price will break the renegotiation trend line with a shift candle creating an imbalance in the market, then price will come back to fill that imbalance and give the Bulls a perfect entry at 75% discount price of 1.75688 zone. The target will be the renegotiation resistance at 1.77063 zone to sweep the buy side liquidity. Lets watch together and see what happens by tomorrow and Tuesday this week.
Entry, stop loss and take profit are clearly marked out on the chat.
GOOD LUCK GUYS!
DICLAIMER
This analysis might fail due to market uncertainties. Take full responsibility of your capital and manage your own risk
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.