Euro / U.S. DollarHello to all dear traders,
I have analyzed the daily chart of the Euro and, as expected, it reached the order block extreme that I refined in this chart. After receiving confirmation of the downward movement, I published a analysis indicating a sell opportunity for the Euro, and I expect this decline to continue until the Break of Structure (BOS). However, it is important to note that the price will not end this bearish leg quickly!
Therefore, I expect the price decline to respond at the specified zones on the chart, and after receiving confirmations, we can re-enter sell positions. Friends, this is a daily analysis, so I am focusing on selling rather than buying.
Please note that the market is a fractal system. Just as we expect selling in the daily timeframe, we can also look for buying opportunities in the one-hour timeframe, but in a short-term manner. This is a suitable idea, and based on this data, you can plan your trading strategies for buying and selling and enjoy doing so.
In the daily timeframe, the price target is BOS, so look for good points to take more sell positions. Thank you, and I wish you all excellent trading days!
Thank you very much,
Fereydoon Bahrami
"A retail trader in the Wall Street trading center (Forex)."
