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SHORT - EURUSD (D) (28 May 2023)

Position Trade - EURUSD

EURUSD is reaching FRESH area of Monthly Supply. Could be MEGA opportunities selling all the way down once it happens.

In the Monthly Chart,
- Price reaching Monthly fresh area of Supply which is a Continuation Demand; nevertheless, it is a strong zone since it pressed the price down from Feb 2022.
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In the Weekly Chart,
- The WK Supply zone is not fresh, hence I am looking for SELLS once price breaks another zone to sell from there, instead of expecting price to retrace back to the higher supply zone, which has been tested.
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In the Daily Chart,
- If price breaks the Weekly Demand zone, look for a valid zone in the Daily chart for SELLs
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Alerts were set in the Weekly Chart on 28 May 2023.
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a D1 pending SELL limit order has been placed on 1 June 2023
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This analysis will be archived and a new one will be done.

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