EUR USD post mortem - 19/11 - 23/11


Analysis on what transpire for EUR USD this week (19/11 - 23/11)

Monday and Tuesday has created a Bearish Engulfing move which would indicate a potential retest between the body and the shadow zone.

Basically the candle rejection on monday and tuesday is in line with a SBR zone at 1.1450 hence the rejection.

Wednesday and Thursday indicate a pullback for retest move at the particular zone area before of the so called supply zone.

As friday price mades the high first before jumping for the bearish momentum towards the low zone.





H4 for the particular Supply zone indicate that there`s another supply within between 1.1425 and 1.1450.
Hence it would mean - a strong possible reason for the price to retest the zone concerned.

And also a meaning to place a Sell Limit order at that price of 1.1425 with a tight SL of 1.14375 which indicates as of 22/11 that the price would trigger as the high of then h4 of 22/11 was at 1.14331 (differences of 6.1 pips ) and 4.4 pips away from the SL.

If based on SHUNPO, if a price were to make a bearish move - it would have to create a High first.

Hence if were to rely on the earlier information

1. Reject of SBR zone at 1.1450
2. Daily supply zone between 1.425 - 1.1450 with another supply zone within h4 as occured on mon-tuesday.
3. Chances of sell limit position.

Witth that in mind, next proceed to SHUNPO mode for Friday entry.



Friday itself open at 1.13999 with the previous daily trend as bullish.

First - monitor the movement of the 1st H4 candle.

SHUNPO rules - 25 pips for the first high / low hence if the price were to make a High - then targeted at 1.1425 at least.

If the price fail to touch 1.1425 within the first 8 hours period, then it would indicate a potential reversal price movement towards the potential low of 1.1325 - 1.1350

As it clearly indicates, the price fail to touch 1.1425 by the end of the 2nd h4 with the highest achievable only at 1.14160,





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