EURUSD MORNING FORECAST

16 nov 2021

Good morning everyone, looking at EURUSD this morning and here is my forecast for EURUSD so basically on the Daily and Weekly timeframe, everything is pretty much the same as in my yesterday video, then moving into the 4hr I have a 4hr supply above which is looking good for shorts once price comes into it though, price is still in the discounted leg of that pricing so taking sell from there might not be the best, but yeah we just react to what the market provides to us. Now. going into the 15 mins timeframe, looking at this we created a new lower low yesterday and whenever price create a lower low you'll always need to expect a pull back, which is currently happening but before I'll take any longs I'll love to see a Change of Character (CHoCH) on the 15 mins, you can watch my previous video for clarity on what CHoCH is. Though on the 15mins I have specific Supply zones marked out which I might take short from them if price get to them, and once we have a CHoCH on the 15 mins I'll markup my specific Demands to go long, and please a bit of advice to everyone out there don't stare at your screens all day trying to foce a trade just set your alert and go do something else, If it doesn't fit your plan don't trade it, it's better to preserve your capital than take a loss that doesn't fit your plan, and also don't just set of limit of my zones I marked out here, please do your reasearch make sure you know what you're dealing with and you're ready to accept the risk, I basically just post my analysis for educational purposes.

NB: If I have any new zones marked out I'll be sure to leave an update under the idea.