Supply was created and had strong IFC that broke below the demand zone. (Since price touched the daily supply)
Now price is moving down and will face the 4H demand/flip zone on its way.
As I always say, 2 scenarios on S/D zone tap: 1)Reversal 2)Zone Break
Wait for tap of the 4H demand zone. After tapping into 4H zone, if 15M CHoCH happens, bulls will take control and may push price higher to the upper supply or deeper mitigation of daily supply.
If bears break below this zone, then strong selling pressure and bears take the full control of market. There is a hugeee LQ above the 4H Demand/Extreme zone so after downside break, LQ sweep can be EURUSD next sceanrio.
What do you think about this chart? Feel Free and Comment Below!
Now price is moving down and will face the 4H demand/flip zone on its way.
As I always say, 2 scenarios on S/D zone tap: 1)Reversal 2)Zone Break
Wait for tap of the 4H demand zone. After tapping into 4H zone, if 15M CHoCH happens, bulls will take control and may push price higher to the upper supply or deeper mitigation of daily supply.
If bears break below this zone, then strong selling pressure and bears take the full control of market. There is a hugeee LQ above the 4H Demand/Extreme zone so after downside break, LQ sweep can be EURUSD next sceanrio.
What do you think about this chart? Feel Free and Comment Below!