Expecting EURUSD to continue further to the downside

20 thg 8, 2023

EURUSD has been respecting OTE levels most of last week and pushing further down. I am watching to see if we can get a confirmed shift at this range to look for shorts early in the week. Expectation is for EURUSD to continue to the DOL at 1.0833 area.

After it reaches the DOL, need to see the reaction there. Likely to react after taking HTF liquidity. But reversal?

Biggest concern about this idea is that DXY already reached its DOL.

For full details about this trade idea, I posted a YT video if you would like to know more about my idea.

21 thg 8, 2023

Ghi chú

The Asia entry was good for a nice scalp. Unfortunately, it came all the way back to the extreme.

And currently this is looking more and more like a seek and destroy profile. This supply may hold and potentially can get an early entry for shorts. But due to timing, safer to wait for Frankfurt open to see the PA then. If it does come down, then EU will likely create a PD Array and pullback to it...