EUR/USD 1H - As you can see from the analysis above this pair has recently tapped into and swept a higher timeframe Supply zone. After penetrating these zones its gone on to break structure to the downside.
This break of structure has confirmed the end to the bullish trend that took us into the Supply zone and the start of bearish structure moving forward, we have already been delivered with some bearishness, as price has put in lower highs and lower lows.
You will see that I have highlighted a valid Supply zone for us that we can look to enter in on short positions from (1.0887-1.0891), I would place my SL just a few pips above the supply zone and my TP set just above the demand zone.
Lets see how price plays out on the open, as we could look to get involved fairly soon, this type of trade could produce us with a brilliant RR ratio.
This break of structure has confirmed the end to the bullish trend that took us into the Supply zone and the start of bearish structure moving forward, we have already been delivered with some bearishness, as price has put in lower highs and lower lows.
You will see that I have highlighted a valid Supply zone for us that we can look to enter in on short positions from (1.0887-1.0891), I would place my SL just a few pips above the supply zone and my TP set just above the demand zone.
Lets see how price plays out on the open, as we could look to get involved fairly soon, this type of trade could produce us with a brilliant RR ratio.