The decision to short the EUR/USD currency pair is grounded in a combination of technical analysis and order flow dynamics, suggesting a potential bearish move.
1. Asian Consolidation Low Break: The trade strategy involves capitalizing on the break of the low point during the Asian consolidation phase. This breakout may signify a shift in market sentiment, with sellers gaining control.
2. Asian Range High Liquidity Sweep: Examination of the Asian session reveals a liquidity sweep at the high point of the range. A liquidity sweep indicates a surge in trading activity, leading to a temporary supply-demand imbalance. Such events can act as a precursor to a reversal or a continuation of the existing trend. In this case, it aligns with the bearish sentiment.
3. 1-Minute Structure Break for Entry: On the 1-minute chart, there's a noticeable break in market structure, likely indicating a change in the short-term trend. This serves as a potential entry signal for the short trade.
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.