✨ Today's USD News was a tremendous catalyst to this short we've been waiting on for days
(see the previous Curve Analysis under "Related Ideas" attached to this post)
📉 As anticipated, on the 1m chart, we got our first confirmation of PA breaking out of the range to the downside.
🙏🏾 Let's hope it holds
(see the previous Curve Analysis under "Related Ideas" attached to this post)
📉 As anticipated, on the 1m chart, we got our first confirmation of PA breaking out of the range to the downside.
🙏🏾 Let's hope it holds
Note
EURUSD (1H)
SLO1 @ 1.0638 📉
TP1 @ 1.0595 🤑
TP2 @ 1.0560 🤑
TP3 @ 1.0533 🤑
TP4 @ 1.0495
TP5 @ 1.0470
🤔If PA retraces back up to Supply, there's also the possibility of PA reacting to it and returning to the downtrend
🙏 Hopefully, PA reaches our TP4, and TP5 as well
Note
✍️ Since PA on the NZDUSD has the probability of going higher, the same would be true of the EURUSD, since they are positively correlated
🚫 I'm lowering my +SL @ 1.0569 in case it breaks this Supply Zone, which I think it will
Trade closed: stop reached
As anticipated, Price Action broke the Supply Zone and triggered our +SL for a profit of +68 pips.
Professor C. E. Ward
Related publications
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.
Professor C. E. Ward
Related publications
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.