EUR/USD 30M - As we can see I have illustrated the path I expect price to put in this coming week. You will see how structure has in fact broken to the downside which is our first suggestion that this current bullish trend has now come to an end.
What we want to see now in order to confirm this is for price to start respecting the Supply zone we are highlighting, this will tell us that there is more supply in the market than there is Demand.
Usually when we see price break structure and for price to present us with a clear accumulation or distribution its because it has tapped into a higher TF Supply or Demand zone, if we go back to previous data we will probably see that price has in-fact tapped us into a higher TF Supply zone is now being respected.
What we want to see now in order to confirm this is for price to start respecting the Supply zone we are highlighting, this will tell us that there is more supply in the market than there is Demand.
Usually when we see price break structure and for price to present us with a clear accumulation or distribution its because it has tapped into a higher TF Supply or Demand zone, if we go back to previous data we will probably see that price has in-fact tapped us into a higher TF Supply zone is now being respected.