EURUSD Analysis (5th April 2024)

EURUSD Analysis

On the weekly timeframe price action has just rejected off a weekly bearish Fair Value gap.

This rejection created a 4 hour Change of character which indicated potential retracements after a bullish run on EURUSD.

On the 1 hour timeframe, we can see that price action has created a very neat balance price range coupled with a bearish Fair Value gap that we can look to take shorts from.

What i want to see is Asian/London session to create a pull back into either one of this zones, before i look for a 15 minute Change of Character to look for shorts to fill the clean candles on the left.