EURUSD 31/4/24

3月31日

Eu to start things off as we do most weeks!

This week we have a pretty simple out look, now this is mainly based on the fact we have an overall bullish movement currently on DXY meaning we are most likely going to see a shift lower on our USD secondary pairs, now taking that idea into consideration i am looking at 2 possible places to look for the sells to come into play!
The first place being the high of our last sell range on the 15/5min chart, this is the area we sold off from on Friday BUT because it was easter weekend we barely moved due to the lack of liquid within the market. The second place iam looking at is the untapped zone just below our last major hourly high that is pretty much the best place to sell from but we know pullbacks don't have to happen in a trending move.
iam overall looking at the green areas below for our first targets and we will watch price for a new low, main focus is the higher timeframe bias which is a new daily low to be formed!

Trade safe use the correct risk and trade your plan!