EURUSD at supply zone AGAIN – bearish movement?

EURUSD at supply zone AGAIN – bearish movement?

8 June 2020 Wed (HK8:00am)

Queenie Wu

看跌趨勢再次出現.

交易區：考慮支持和阻力：1.13824 – 1.12121

策略：在關鍵支持和阻力之間波段交易。在較高的timeframe（D1）中看趨勢方向，並使用較低的timeframe（H4或H1）入市。

D1圖表：

TMA通道的頂部回落，處於強阻力位。看跌蠟燭剛剛形成。在前一個交易日（6月6日）形成了一個長長的上影線（1.13837）。隨機震盪指標Stochastic Oscillator達80以上。Bearish reversal可能很快發生。

H4圖表：達到非常強的阻力（1.13828）。Supply zone在圖表中以紅色顯示。

穿過通道頂再次進入TMA 及ENV通道!

Schaff Indicator已經觸及最高水平並向下。Bearish reversal很可能發生。

預期方向：DOWN

入市點：賣出1.12938；

TP1: 1.12523  TP2: 1.12121（接近TMA通道底線）TP3: 1.10930

SL：1.13435（上一個蠟燭的頂部；接近阻力區）


Result: reached TP1 only

Be careful: Notice there may be a change in direction from Asian to London to US session.  If this happens, we have to TP immediately.  Another issue to notice, the movement of EURUSD is correlated to the movement of US stock market.  We have to pay high attention to the direction of US stock market.

 

EURUSD D1: re-enter the ceiling of TMA channel



EURUSD H4: at supply zone strong resistance level, reversal just started.