EURUSD: Curve Analysis (1H)

SSO1 @ 1.0585 ⏳
SSO2 @ 1.0575 ⏳
TP1 @ 1.0560
TP2 @ 1.0533
TP3 @ 1.0515
TP4 @ 1.0485

Unfortunately, PA pulled all the way back to our +SL and we only made +3 pips. So, let's try this swing again.

Comment:

📈 FLIP ZONE 📉

A flip zone is a price level where there is a significant shift in supply and demand. This can happen when price is moving in one direction and reaches a level where there is a lot of resistance or support — in our case, resistance

If buyers are unable to overcome this resistance, price will most likely reverse and return to the DOWNTREND direction.

Comment:

-SL @ 1.0617 🚫
SSO1 @ 1.0585 📉
SSO2 @ 1.0575 📉
TP1 @ 1.0560
TP2 @ 1.0533
TP3 @ 1.0515
TP4 @ 1.0485

ADDITIONAL INFO:

📉 Both of our Sell Orders have been triggered

📈 PA pulled back about -21 pips and put us in drawdown

⏳ It's time to exercise PAYtience™

🚫 If our -SL @ 1.0617 is triggered, then I'll be placing the same SSO @ 1.0585 to try and catch the drop again.

Comment:

I'm back in my EURUSD short with:

SSO @ 1.0600 📉

Trade closed: stop reached:

🚫 -SL @ 1.0617 was triggered AGAIN 😡

🤔 PA moved about 25 pips above our Pivot High which means the curve is changing and that we need to re-evaluate it.

📊 The war has also lead to increased volatility in the market, as investors react to the latest news and developments.

⚠️ These developments could make it more difficult to trade, and could lead to larger price swings.

🛡 Risk-Management is vitally important at a time like this

✍️ STANDBY FOR AN UPDATED ANALYSIS

Comment:

EURUSD...Curve Analysis (216m)

🤔 It appears that PA is reacting to the curve found from the PL @ 1.0449 up to the PH @ 1.0737

📉 Based on the current position of PA, it's possible that it is still shorting;

⚠️ However, the next area of importance houses two critical levels:
(1) Demand Zone and
(2) Major Support Level

🤝 Together, these two critical levels could be the catalyst to continue the UT.


📈If price opens/closes ABOVE 1.0640, we should anticipate a continuation of the UT

📉 If price opens/closes BELOW 1.0554, we should anticipate a continuation of the DT

🔑
DT = DOWNTREND
PA = PRICE ACTION
PH = PIVOT HIGH
PL = PIVOT LOW
UT = UPTREND