EURUSD Potential Forecast | Wednesday 1st February 2023
Trade Idea
1. Currently on EURUSD, there is a lot of sell side liquidity present as I have marked out via the blue zone
2. Price just broke the weekly low and created a lower low
3. Price is in a bearish trend forming lower lows and lower highs
4. I believe price can potentially come down to clear the sell side liquidity
5. Especially this week with FOMC and NFP coming, there will be a lot of whipsaws and volatility in the market
6. Will be especially risk averse and wait for full confluences before entering onto trades
THIS TRADE WILL BE INVALID AFTER TODAY IN LIGHT OF THE HEAVY NEWS.
Trade safe guys!
Regards,
Chern Yu
1. Currently on EURUSD, there is a lot of sell side liquidity present as I have marked out via the blue zone
2. Price just broke the weekly low and created a lower low
3. Price is in a bearish trend forming lower lows and lower highs
4. I believe price can potentially come down to clear the sell side liquidity
5. Especially this week with FOMC and NFP coming, there will be a lot of whipsaws and volatility in the market
6. Will be especially risk averse and wait for full confluences before entering onto trades
THIS TRADE WILL BE INVALID AFTER TODAY IN LIGHT OF THE HEAVY NEWS.
Trade safe guys!
Regards,
Chern Yu