March 21 NY Session Trading EUR/USD
- bullish order flow - Uptrend.
- Price could go down until the 1.10000 - 1.09500 region before reversing to the upside, or it can simply keep pushing to the upside.
15 Minute Chart
- Price found support at 1.10040: Previous area that generated strong upside momentum on March 16
- Bullish order flow: Uptrend
- Price is consolidating and substructure is bearish
- A confirmation of a trend continuation would be if the substructure turns bullish
- Trendline resistance at the peak of the bullish trend around 1.10700 area, it could be a trap entry area
- 1.10500 Area could be an interesting level to briefly push the price to the downside until the 4H bearish target before pushing Up.
Personally I'm either looking for 1 Minute reversals on the 1.10500 area to go short, or looking for M15 Price action to break and close above 1.10555 to look for long opportunities.
If I go short, I'll likely target 1.10060
For long trades I will still have to assess the situation
Key levels
Long area: above 1.10555
These are just projections. Remember to react to price action, not predict! Things can change.
Comment:
Price just tapped the area of interest for short trades. Will look for possible entry opportunities on the 1 Minute chart upon clear confirmation of bearish momentum.
Comment:
Looking to enter at 1.10484 on 1 minute chart if we see price consolidate for 3-5 minutes
Comment:
Price didn't do that! entry idea is scrapped.
Order cancelled:
We have high-impact news now. Price reached the projected high-interest zone but hasn't yet provided high-quality entry opportunities. Closing the trading session for the day.
