- We will start by mentioning that I am still with the same Bullish direction as yesterday, Regardless of the fact that yesterday we had a loss of -1%, Observing the market more clearly today, I can safely say that the price is very close to begin to show weakness and possible changes in structures, to resume its previous previous upward trend.
- Therefore today, seeing that the price is within a demand zone, which was created after the last bullish impulse that we saw from the old trend already mentioned, we hope to see the same scenario as always happen, Changes in structures in time frames of 4H 1H or 15M At a minimum, then be looking for a confirmation in Scalping in shorter time frames to be entering the price today in purchases.
- For sales today, I do not clearly see a key level or zone where one could be looking for the same scenario mentioned above to happen, to look for short in the price today, and even the price still follows the trend current and clearly break the zone where the price currently resides, we would first have to see bearish momentum then bullish retracement to the broken zone and once it is used as resistance then we would look to wait for the Bearish CbdE to happen plus confirmation to be able to think about a sale for today.
IMPORTANT:
- Being clear that today, the probabilities of a purchase are much greater than for a sale. Once we have a setback, even in the current trend. As long as the structure changes, even in 15M, we will look for a confirmation from 3M. at 1M to be entering into a purchase, as a minimum the objective is to eliminate the growing HIgh caused by the first CbdE A. OF COURSE IF SUCH SCENARIO HAPPENS.
- On the other hand, if we had a CbdE of 1H or better yet of 4H, we could look for greater bullish objectives, such as mitigating or eliminating the key levels of 1.10851 and 1.11400.
- I must mention that regardless of whether the price gives us or happens the scenario we expect, we could see the price reach the intermediate zone between 50% and 61% of all the bearish momentum still in force.
EYE:
- After the aforementioned change in structure occurs and once we see the necessary confirmation to enter the purchase, once inside we would have to have key levels as objectives, and at the same time with a high probability that if they are broken we will then see continuations of said new upward trend. As would the breakout of the key level of 1.09547.
- We also have several bullish objectives for today, as well as for the rest of the week, of course as long as the price causes a change in structure from bearish to bullish, and these important objectives would be the following:
1.09440
1.09600
1.09700
1.09800
1.09900
1.10000
1.10155
1.10463
1.10600
1.10800
1.11200
1.11400
- Finally I must also mention that the price is clearly leaving us with 2 bearish trend lines which can also be used as bullish confirmation once they are broken upwards. At the same time we can be aware that if they are not broken then we would clearly wait see that the price uses it as a ceiling to make the price fall or retreat again. so be careful with that.
- Also, the price not long ago manipulated a past Asian Low, and still has another Asian Low which has not yet been eliminated or manipulated, which is within the same demand zone where the price resides.
- Therefore today, seeing that the price is within a demand zone, which was created after the last bullish impulse that we saw from the old trend already mentioned, we hope to see the same scenario as always happen, Changes in structures in time frames of 4H 1H or 15M At a minimum, then be looking for a confirmation in Scalping in shorter time frames to be entering the price today in purchases.
- For sales today, I do not clearly see a key level or zone where one could be looking for the same scenario mentioned above to happen, to look for short in the price today, and even the price still follows the trend current and clearly break the zone where the price currently resides, we would first have to see bearish momentum then bullish retracement to the broken zone and once it is used as resistance then we would look to wait for the Bearish CbdE to happen plus confirmation to be able to think about a sale for today.
IMPORTANT:
- Being clear that today, the probabilities of a purchase are much greater than for a sale. Once we have a setback, even in the current trend. As long as the structure changes, even in 15M, we will look for a confirmation from 3M. at 1M to be entering into a purchase, as a minimum the objective is to eliminate the growing HIgh caused by the first CbdE A. OF COURSE IF SUCH SCENARIO HAPPENS.
- On the other hand, if we had a CbdE of 1H or better yet of 4H, we could look for greater bullish objectives, such as mitigating or eliminating the key levels of 1.10851 and 1.11400.
- I must mention that regardless of whether the price gives us or happens the scenario we expect, we could see the price reach the intermediate zone between 50% and 61% of all the bearish momentum still in force.
EYE:
- After the aforementioned change in structure occurs and once we see the necessary confirmation to enter the purchase, once inside we would have to have key levels as objectives, and at the same time with a high probability that if they are broken we will then see continuations of said new upward trend. As would the breakout of the key level of 1.09547.
- We also have several bullish objectives for today, as well as for the rest of the week, of course as long as the price causes a change in structure from bearish to bullish, and these important objectives would be the following:
1.09440
1.09600
1.09700
1.09800
1.09900
1.10000
1.10155
1.10463
1.10600
1.10800
1.11200
1.11400
- Finally I must also mention that the price is clearly leaving us with 2 bearish trend lines which can also be used as bullish confirmation once they are broken upwards. At the same time we can be aware that if they are not broken then we would clearly wait see that the price uses it as a ceiling to make the price fall or retreat again. so be careful with that.
- Also, the price not long ago manipulated a past Asian Low, and still has another Asian Low which has not yet been eliminated or manipulated, which is within the same demand zone where the price resides.