As we head closer to the yearly candle close, it's important to note the following, USD should weaken over the very long term, EURUSD contact a yearly demand area at 0.95951, in 2023 we could expect headlines of Recession which should cause a panic in retail investors. I would like to see a close below 1.06060 on EURUSD. a retest of 1.0606 next year will be a great place to look for shorts down to 0.85000 which should be a take profit area. We can also see that in 2000 price bounce and broke structure to the upside exactly on the 50% fair value gap where most intuitional orders are. We would also need to fill the wick on EURUSD back down to 0.95951 at least.
Seasonality Suggests a strong USD the first quarter of 2023. Any new interim higher high on EURUSD first week of January ill actively be looking for a stop hunt, break of structure and a return to order block to get in short till March 2023.
Seasonality Suggests a strong USD the first quarter of 2023. Any new interim higher high on EURUSD first week of January ill actively be looking for a stop hunt, break of structure and a return to order block to get in short till March 2023.
