My outlook for EU mirrors GU: we may see a sell‑off develop. There’s a nearby 1‑hour supply zone I’m watching, but upside liquidity could invalidate it.
A clean demand zone also awaits mitigation; once touched, it could fuel the next bullish leg. I’ll wait to see which direction price chooses first to determine which POI is hit.
Confluences for EU sells are as follows:
A clean 1‑hour supply that triggered a minor change of character to the downside.
Asian session low and other liquidity pools sit below, inviting a sweep.
Price has been in a multi‑week bearish trend.
DXY structure aligns with this bearish scenario.
P.S. If price pierces the supply, sweeps the upside liquidity, and breaks structure higher, I’ll look for the new demand zone that forms and reassess for potential longs.
A clean demand zone also awaits mitigation; once touched, it could fuel the next bullish leg. I’ll wait to see which direction price chooses first to determine which POI is hit.
Confluences for EU sells are as follows:
A clean 1‑hour supply that triggered a minor change of character to the downside.
Asian session low and other liquidity pools sit below, inviting a sweep.
Price has been in a multi‑week bearish trend.
DXY structure aligns with this bearish scenario.
P.S. If price pierces the supply, sweeps the upside liquidity, and breaks structure higher, I’ll look for the new demand zone that forms and reassess for potential longs.
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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.