Update: EUR/USD Downward Movement to Continue?
In my previous analysis, I highlighted the potential for bearish continuation, targeting the sell-side liquidity (SSL) below.
As anticipated, the price respected the retracement into the Daily FVG and Fibonacci zones, sweeping liquidity by taking out the highs. This reaction confirmed bearish intent. On the lower timeframes, a clear entry opportunity emerged, and the pair has since moved lower, heading toward the anticipated SSL target.
The bearish structure remains intact, with the next key area of interest around the liquidity pool below.
This setup took a week to deliver an entry, but the rewards were definitely worth the wait! This goes to show that patience is essential in trading—there’s absolutely no need to trade every day to succeed.
Trade safe!
As anticipated, the price respected the retracement into the Daily FVG and Fibonacci zones, sweeping liquidity by taking out the highs. This reaction confirmed bearish intent. On the lower timeframes, a clear entry opportunity emerged, and the pair has since moved lower, heading toward the anticipated SSL target.
The bearish structure remains intact, with the next key area of interest around the liquidity pool below.
This setup took a week to deliver an entry, but the rewards were definitely worth the wait! This goes to show that patience is essential in trading—there’s absolutely no need to trade every day to succeed.
Trade safe!
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