Hello everyone,
Above I have my analysis for EURUSD. As we can see in this photo, EU has been on an diagonal downtrend for some time now. Recently, price has broken structure of the uptrend trend line and now in the process of retracing and forming a corrective wave. In the screenshot we can see I put the Supply and Demand zone, this is where we will look for price to stay in until the next long swing. We currently waiting for the price to reject in our supply area and correct to our demand area and also have rejection to confirm this set up. I'm open to feedback from anyone and everyone about my analysis. If anyone of you have a similar set up or enjoy my analysis breakdown please like and share with other fellow traders.
Thank You
Above I have my analysis for EURUSD. As we can see in this photo, EU has been on an diagonal downtrend for some time now. Recently, price has broken structure of the uptrend trend line and now in the process of retracing and forming a corrective wave. In the screenshot we can see I put the Supply and Demand zone, this is where we will look for price to stay in until the next long swing. We currently waiting for the price to reject in our supply area and correct to our demand area and also have rejection to confirm this set up. I'm open to feedback from anyone and everyone about my analysis. If anyone of you have a similar set up or enjoy my analysis breakdown please like and share with other fellow traders.
Thank You