EURUSD Daily Demand Zone Trade Idea
This is an educational analysis based on a daily timeframe structure using supply and demand principles.
Price recently made a strong bullish impulsive move, breaking above previous highs. We’re now seeing a retracement into a fresh Daily Demand Zone formed by a Rally-Base-Rally (RBR) structure. This zone also sits outside of fair value, indicating a potential area of institutional interest.
Marked Demand Zone: 1.16127 area
Stop Loss Level: Below the zone at ~1.15667
Target: Prior swing high near 1.17505
Risk-Reward Ratio: 1:3
Bias: Bullish continuation, assuming the zone holds
This is an educational analysis based on a daily timeframe structure using supply and demand principles.
Price recently made a strong bullish impulsive move, breaking above previous highs. We’re now seeing a retracement into a fresh Daily Demand Zone formed by a Rally-Base-Rally (RBR) structure. This zone also sits outside of fair value, indicating a potential area of institutional interest.
Marked Demand Zone: 1.16127 area
Stop Loss Level: Below the zone at ~1.15667
Target: Prior swing high near 1.17505
Risk-Reward Ratio: 1:3
Bias: Bullish continuation, assuming the zone holds
Trade closed: stop reached
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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.