EUR/USD: Short-Term Pullback Before Weekly Bullish Continuation

2024年12月17日

Yesterday's idea worked perfectly, hitting the take-profit target at 1.04925, as expected. As I mentioned, a pullback to the upside occurred after reaching that area.

For today's trade, the daily timeframe bias remains bearish, with a target towards 1.04748. This makes it clear that today's position is a sell.

Looking at the market structure, the NYPM session high has been broken, and there's a Market Structure Shift (MSS) around 1.05192. I plan to wait for the price to return to the FVG zone near 1.05248 before entering a sell position. My take-profit target is set at 1.04982.

Let’s wait and see how this plays out!

2024年12月17日

取消訂單

The trade idea for today has been canceled, as the setup didn’t meet my criteria. The price did not return to the FVG zone around 1.05248, which was the key level I was waiting for to enter a sell position.

As traders, sticking to our plan and being patient is crucial. No entry is better than forcing a trade in unfavorable conditions. Let’s stay disciplined and wait for the next clear opportunity!