EURUSD short - Big moves expected

19 พ.ย. 2020

On EURUSD we had nice moves exactly like it was expected. I want to see it moving more to the downside. Why?

#1 Resistance at weekly/daily and h4 timeframe
#2 Supply Zone
#3 Market Movers are closing there long positions / they are taking profit
#4 Corrective Phase
- on the monthly we created a big move to the upside (impulsive). Right now we are in the correction Phase. Therefore we do expect a retracement at least till the 0.382. This in the are of our monthly TP level

What do you think?