This is my Sunday Analysis on EURUSD for the next coming week.
EURUSD on Friday 22nd of July shown a significant direction of bullish movement as it happen in a sideway range in the H4 timeframe. We can count and see a 5 wave of strong indication that EURUSD might break through the sideway to continue to make a new level of price structure.
My trading plan.
I'm expecting the price facing a rejection on the current Supply and Demand zone and head downward to the 50% fibo level at 1.56600. We then waiting for a confirmation candle of price action to see a strong Bullish direction and ride along on the momentum to possible next resistance area of 1.18400.
Trade at your own risk and always trade what you see in addition with what you think.
Cheers!!
Regards,
TGrey
EURUSD on Friday 22nd of July shown a significant direction of bullish movement as it happen in a sideway range in the H4 timeframe. We can count and see a 5 wave of strong indication that EURUSD might break through the sideway to continue to make a new level of price structure.
My trading plan.
I'm expecting the price facing a rejection on the current Supply and Demand zone and head downward to the 50% fibo level at 1.56600. We then waiting for a confirmation candle of price action to see a strong Bullish direction and ride along on the momentum to possible next resistance area of 1.18400.
Trade at your own risk and always trade what you see in addition with what you think.
Cheers!!
Regards,
TGrey