EURUSD Trading with Supply & Demand
We can see that the market previously pushed to the upside from 1.1700 area and stopped at 1.2260 and showed us a major fall.
I have pointed out 1.2100 area as a major supply area because a lot of sell orders were initiated from here.
I still believe with a nice price action and a structural break above 1.2000 area we can finally reach to our major supply aka SELL area.
If that happens we will anticipate short or maybe a long push to the downside maybe till the demand zone.
Another scenario would be, market fall to the major demand area-1.6000 from the recent market structure where we’ll be looking for buy entries.
I have pointed out 1.2100 area as a major supply area because a lot of sell orders were initiated from here.
I still believe with a nice price action and a structural break above 1.2000 area we can finally reach to our major supply aka SELL area.
If that happens we will anticipate short or maybe a long push to the downside maybe till the demand zone.
Another scenario would be, market fall to the major demand area-1.6000 from the recent market structure where we’ll be looking for buy entries.
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