Euro / U.S Dollar

Greetings and respect to my dear companions.

Well, dear friends, since the DXY chart of the dollar is important, there is no need for us to follow the monthly chart of the Euro, as the confirmation from (DXY) exerts strong influences on this chart and other currencies. We are more focused on tracking the weekly, daily, and four-hour changes of this currency and other currencies. Therefore, we conclude that the Euro chart remains bearish, and in the weekly timeframe, I expect a good reaction on the IFC candle, as this candle was the start of the previous bullish movement. Thus, the price should reach this candle in the weekly timeframe, and we should obtain confirmations in the daily and four-hour timeframes to make precise trades. In this timeframe, we have a bearish POI and a very good Liquidity that the price hitting these two zones will provide us with excellent trades to form a new low that is currently being created.

Now, I have accurately drawn the structure in the daily timeframe for you in red, and you can see that there are no Order Blocks in this timeframe! Therefore, we need to be alert. Friends, these daily candles have overlapped well, indicating that we should expect a great bullish movement from this daily zone and structure, which is strong, towards the weekly zone.

However, in the four-hour timeframe, dear friends, in this timeframe, IDM or Liquidity is currently the same as the daily. In this bearish leg, we have no signs of a bearish Order Block to plan around. In the coming days, the chart may provide us with a new Liquidity that we can decide to sell on Pullbacks. Since the chart is getting crowded, I won’t move to lower timeframes like 1 hour or 15 minutes, but I will monitor it since this currency is my favorite for trades, and my ideal timeframe, if not excessive, is trading in 1 second or Tick Time. Friends, since my trading volume is high, I have to trade in this smaller timeframe, but I always have open trades and leverage all timeframes.

Thank you, and until the new update on this chart, may you be profitable and successful!

Chart Notes:
I will place the chart in the four-hour timeframe so you can easily zoom in and see the details. The chart is designed to be very simple and smooth for your use. Since there were no Order Blocks in these timeframes, I did not draw them. The characteristic of an Order Block in every timeframe must have an Imbalance, and all Imbalances have been filled.
Fereydoon Bahrami
"A retail trader in the Wall Street trading Center (Forex)."