owlswift_fx

Journey towards daily demand zone

Penjualan
owlswift_fx Diupdate   
FX:EURUSD   Euro / Dollar AS
Price showed a strong bearish movement with the help of the strong NFP result for USD last Friday, and I expect the bearish movement to continue till the 1.0688.

Price closed as with a strong bearish presence on daily TF which confirms price intentions for me.
On the 4hrs TF, Price is currently within a demand zone which should push Price back up but I haven't seen a rejection yet, and I believe the demand zone would break and make a new low before Price pulls back.

I expect little pullbacks to occur but I would advise against buying at this point, and just look for selling opportunities towards 1.0688

RIsk Management is advised
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