The market conditions for EURUSD are currently lucid and comprehensible.
There is a significant volume pressure indicating a downward trend. We anticipate that the price will gather liquidity just above before continuing on a downward trajectory. Our analysis has identified two areas that may serve as strong supply zones. It is prudent to wait for the price to reach these regions before seeking CHoCH (confirmation of change) and any other confirmation signals indicating a new downward trend.
Risk management remains paramount in all trading decisions. It is imperative to exercise patience and wait for confirmation before executing any trades.
If you have any questions, please do not hesitate to comment below.
Wishing you peace,
@FxShzd team
There is a significant volume pressure indicating a downward trend. We anticipate that the price will gather liquidity just above before continuing on a downward trajectory. Our analysis has identified two areas that may serve as strong supply zones. It is prudent to wait for the price to reach these regions before seeking CHoCH (confirmation of change) and any other confirmation signals indicating a new downward trend.
Risk management remains paramount in all trading decisions. It is imperative to exercise patience and wait for confirmation before executing any trades.
If you have any questions, please do not hesitate to comment below.
Wishing you peace,
@FxShzd team
