Market Overview #eurusd
EurUsd has had a 2 consecutive weeks of bullishness, price breaking through some major levels of structures without a proper retest. The current level which was currently broken 1.123 zone which is the highest it has been since late 2019.
Price triggered an order block at 1.125 which gave a fake-out of the 1.123 mark, taking out stop orders or retailers. I'm expecting price to cool off, break back into structure with a retest of 1.123 mark, would take a short entry to 1.091 zone where price failed to do a retest of cartel candle which would as well give an inverse heads and shoulder pattern, then i'll be looking to take a long position at that entry back to equal highs.
Price triggered an order block at 1.125 which gave a fake-out of the 1.123 mark, taking out stop orders or retailers. I'm expecting price to cool off, break back into structure with a retest of 1.123 mark, would take a short entry to 1.091 zone where price failed to do a retest of cartel candle which would as well give an inverse heads and shoulder pattern, then i'll be looking to take a long position at that entry back to equal highs.
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