Here we have a 4hr chart for EURUSD.
The price is currently testing a fresh 4hr Supply Zone.
We have already seen a 'fakeout' of the Retail Resistance level which will bring retail buyers into the market.
Smart Money as always has pushed the price down in order to take out the stops of all those resistance/retail buyers.
We expect a pullpack into the supply zone (which hits all the retail sellers SL's) before finally we see a bearish move to the marked 1hr Demand Zone.
Only time will tell.
Note - this analysis is not to be taken as a signal or financial advice.
The price is currently testing a fresh 4hr Supply Zone.
We have already seen a 'fakeout' of the Retail Resistance level which will bring retail buyers into the market.
Smart Money as always has pushed the price down in order to take out the stops of all those resistance/retail buyers.
We expect a pullpack into the supply zone (which hits all the retail sellers SL's) before finally we see a bearish move to the marked 1hr Demand Zone.
Only time will tell.
Note - this analysis is not to be taken as a signal or financial advice.