EURUSD - SHORT - APRIL 04, 2024

4 thg 4

In this analysis of the EURUSD on the 1-hour timeframe, I'm observing how the price behaves around the 1.08500 supply zone. My intention is to confirm a potential short-term selling opportunity as a countertrend move towards the next demand zone at 1.07838. Once this short-term move plays out, I'll be looking for confirmation on a possible long position from that demand zone. It's important to note that the market operates in a fractal nature, meaning that we can only anticipate the next moves as they unfold. Therefore, we'll need to monitor the situation closely to see how it develops.

4 thg 4

Ghi chú

I got an early entry for EURUSD right here, let's see how this plays out.

4 thg 4

Ghi chú

My initial analysis went south. I am happy I learnt from it.
Now here, my 1.08505 zone got violated and 1.08619 zone tends to react nicely.
What do you see?

4 thg 4

Ghi chú

Or maybe do this for a short term.