Hello Family, this will be my first time of sharing my analysis on Tradingview. I do hope you find it valuable.
Now, Looking at EURUSD on the 3HR TimeFrame from my mark up, you can see I project price to do a pull back. This is to induce the masses / retail traders to pump in sells. As they can see an obvious resistance above from the High of April 20th, 2020.
You will also notice that that high was taken out. Indicating a trend continuation to the upside. A corrective pull back is being done, and there is a Lower Trendline (TL) that can be broken, to induce TL breakout traders to even sell more.
Now when price reaches that order block below, Institutional Buy Orders will be filled, and enough sell contracts from the retail traders would have been gotten for the Banks / Sharks to move the market up.
And we have a nice up trend commence then.
So till 1.08500 price zone is hit... Enjoy the ride up from there and you can place a 50 - 60 pips SL from there.
Till next time. Happy Trading Family !!!
Now, Looking at EURUSD on the 3HR TimeFrame from my mark up, you can see I project price to do a pull back. This is to induce the masses / retail traders to pump in sells. As they can see an obvious resistance above from the High of April 20th, 2020.
You will also notice that that high was taken out. Indicating a trend continuation to the upside. A corrective pull back is being done, and there is a Lower Trendline (TL) that can be broken, to induce TL breakout traders to even sell more.
Now when price reaches that order block below, Institutional Buy Orders will be filled, and enough sell contracts from the retail traders would have been gotten for the Banks / Sharks to move the market up.
And we have a nice up trend commence then.
So till 1.08500 price zone is hit... Enjoy the ride up from there and you can place a 50 - 60 pips SL from there.
Till next time. Happy Trading Family !!!