EUR/USD Supply and Demand/Support and Resistance Zones 4H Swing

[sideways.candle]

1.0800 Is a strong psychological demand/support zone with 1.1000 being the target zone

Short-term MACD bounced off Longer Term - Continuing Divergence

Took a trade on the next candle proceeding the engulfing bullish, breaking the demand zone - SL just under previous low that broke demand zone before retracing back into it

Another bullish engulfing candle recently broke the downtrend line - Continuing toward PT/Next Supply-Resistance Zone

[sideways.candle]

Don’t want to leave this open-ended!

Turns out we were utterly wrong on this one and it quickly retraced back down, potentially signifying the strength of the downtrend line. Time to go back to school!