Hello Traders !
Update to the last Analysis (Head and Shoulder):
We did not see a valid Head and Shoulder Pattern on EURUSD this week. It created a daily Demand Level and went up. So what now?
Chart Analysis:
We can see 2 Supply Zones on the Chart marked. At one we had a nice close but it went up to the second before -> which was a nice Fake Out. Therefore wait for a h4 candle close before doing any decisions or watch the lower timeframes for confirmation. This is how you can see which Supply/Demand Zones are valid.
What now?:
I expect the price to go up to the Supply Zone again before we will see it dropping again. So be aware of that. Many Traders will short EURUSD due to the daily close. A possible Fake Out to the upside again would not surprise me. But also it is possible that the current Supply Zone will push the price down. Therefore as always watch Price Action for the last confirmation.
That was my Idea and I hope you did like it. Please leave a LIKE if you like my Content that I share with you. In the comment section you can tell my your view and ask questions
Thank you and we will see next time
- Darius.
Update to the last Analysis (Head and Shoulder):
We did not see a valid Head and Shoulder Pattern on EURUSD this week. It created a daily Demand Level and went up. So what now?
Chart Analysis:
We can see 2 Supply Zones on the Chart marked. At one we had a nice close but it went up to the second before -> which was a nice Fake Out. Therefore wait for a h4 candle close before doing any decisions or watch the lower timeframes for confirmation. This is how you can see which Supply/Demand Zones are valid.
What now?:
I expect the price to go up to the Supply Zone again before we will see it dropping again. So be aware of that. Many Traders will short EURUSD due to the daily close. A possible Fake Out to the upside again would not surprise me. But also it is possible that the current Supply Zone will push the price down. Therefore as always watch Price Action for the last confirmation.
That was my Idea and I hope you did like it. Please leave a LIKE if you like my Content that I share with you. In the comment section you can tell my your view and ask questions
Thank you and we will see next time
- Darius.
✔️ Inner Circle ⭕️
linktr.ee/dariusfx
✔️Instagram: instagram.com/dariusfxtrading
✔️ Telegram(german): t.me/dariusfxtrading
✔️ Top Broker💯 my.roboforex.com/de/?a=skxb
linktr.ee/dariusfx
✔️Instagram: instagram.com/dariusfxtrading
✔️ Telegram(german): t.me/dariusfxtrading
✔️ Top Broker💯 my.roboforex.com/de/?a=skxb
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.
✔️ Inner Circle ⭕️
linktr.ee/dariusfx
✔️Instagram: instagram.com/dariusfxtrading
✔️ Telegram(german): t.me/dariusfxtrading
✔️ Top Broker💯 my.roboforex.com/de/?a=skxb
linktr.ee/dariusfx
✔️Instagram: instagram.com/dariusfxtrading
✔️ Telegram(german): t.me/dariusfxtrading
✔️ Top Broker💯 my.roboforex.com/de/?a=skxb
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.