EURUSD short on 4h time frame

١٦ مايو ٢٠٢٢

In this analysis i've combined many strategies to predict a short on EURUSD. First of all, i've analysed the overall trending and we are currently on a downtrend but we've hit a strong support, so we'll see a bounce of the price. I've identified the most recent order block for the downtrend move, which means there are many sell limit orders in that area. I've used a fibonacci for the entire 4h move and also some fibonacci for profit levels, but i'll adapt the fibonacci profit levels depending on the sell entry. Also, i've identified an excess on the bollinger bands and i've used Ahmad Khalib's strategy which predicts the next sell entry based on a break of the dominan candle. All that combined, i assume that the price will drop according to the analysis.