EUR/USD bespoke levels line up with supply and demand zones
138
We have an interesting pattern forming on the EUR/USD intraday chart. Our resistance and support levels line up perfectly with supply and demand zones. The first upside barrier is located at 1.0860. This is a supply zone in three different timeframes. We look for a correction in the BC leg of the Butterfly from this barrier. The subsequent support level is at 1.0798. This is a demand zone in three different timeframes. We look for a move higher in the CD leg of the Butterfly formation. The subsequent resistance level is located at 1.0915. This is a supply zone in three different timeframes. We look for a move lower from this level after the completion of the Butterfly formation. Conclusion: we looked for mixed and volatile price action until the completion of the bearish butterfly formation at 1.0915. Resistance: 1.0860 (bespoke/AB), 1.0822 (swing high), 1.0915 (bespoke and cycle completion) Support: 1.0798 (bespoke), 1.0771 (swing low), 1.0610 (medium- term support) PoC (Point of Control) Open – 1.0785 (September 4)
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.
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.