EURUSD 15/09/24

15 בספט׳

Starting this week as always with EUR/USD, we saw a drop as we predicted last week, clearing liquidity and taking out the last major low. However, we haven’t hit our area of demand, meaning this area is still in play, as shown on our chart. A new area of demand has formed, and there is liquidity below the low from which this new zone has emerged.

Based on the higher timeframe zone and current price action, I believe we could see a bullish shift after we drop into the demand area. Of course, we may not reach that point, but if we do, I'll be looking for a clear long opportunity or, if demand fails, to go short toward the major low.

Keep it simple: trade your plan and always stick to your risk management!