This is a EURO / DOLLAR chart, We are currently neutral in-terms direction bias for this week. Non-Farm Payroll definitely will be the influential factor to our setup.
Setup Breakdown :
WEEKLY
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any information that you find on our Website and wish to rely upon, whether for the purpose of making an investment decision or otherwise.
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Our Tradingview account is a financial data and news portal, discussion forum and content aggregator.
Circle Forex Institution (Proff InvestsZA) is not a broker/dealer, we are not an investment advisor,
we have no access to non-public information about publicly traded companies,
and this is not a place for the giving or receiving of financial advice, advice concerning investment decisions or tax or legal advice.
We are not regulated by the Financial Services Authority.
We are an educational forum for analysing, learning & discussing general and generic information related to stocks, investments and strategies.
No content on the site constitutes - or should be understood as constituting - a recommendation to enter in any securities transactions or to engage in any of the investment strategies presented in our site content.
We do not provide personalised recommendations or views as to whether a stock or investment approach is suited to the financial needs of a specific individual.
WEEKLY
- Price is in the Discount in terms of the weekly range and we have seen the first bullish candlestick in the last 5-6 months.
- Note : The Premium - Discount zones further left.
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- Price in the weekly has traded into the Bullish Orderblock and the 2 weeks ago low has been taken out, hence the bullish candlestick for last week's trading.
DAILY
- We have a Swing Low After or during a Turtle Soup.
- Accumulation and price trading down to a weekly PD Array + taking out stops, makes it more possible to see a AMD Trade.
- two large down candles = Orderblock from the weekly, we measured half of the two last down candles and we identified a CE. Below that we have a Balanced Priced Range/ Bullish FVG.
- Price inefficiency (notice the latest continuous up candles, well they have created a price inefficiency, Price needs balance. [Hence our speculation of the EU shorting towards our Bullish/ Daily Discount Arrays
- We looking to trade towards the Balanced Price Range (BRP) which is inside the Orderblock
SETUP Expectations
- Bullish conditions
- Price seeks a PD Array to take out the Buy side liquidity laying above, trading to the Weekly Bearish Orderblock.
- Thus confirming our AMD
- The BRP / +OB / +FVG are our Points of interest, we look to initiate the longs there, just switch to a 15 Minutes or and look for a valid entry between London Killzone / New York Killzone.
There's a high possibility that this is a NFP Setup
DISCLAIMER :
Before using this Tradingview account setups, please make sure that you note the following important information:
Do Your Own Research (DYOR)
Our content is intended to be used and must be used for information and education purposes only.
It is very important to do your own analysis before making any investment based on your own personal circumstances.
You should take independent financial advice from a professional in connection with, or independently research and verify,
any information that you find on our Website and wish to rely upon, whether for the purpose of making an investment decision or otherwise.
No Investment Advice
Our Tradingview account is a financial data and news portal, discussion forum and content aggregator.
Circle Forex Institution (Proff InvestsZA) is not a broker/dealer, we are not an investment advisor,
we have no access to non-public information about publicly traded companies,
and this is not a place for the giving or receiving of financial advice, advice concerning investment decisions or tax or legal advice.
We are not regulated by the Financial Services Authority.
We are an educational forum for analysing, learning & discussing general and generic information related to stocks, investments and strategies.
No content on the site constitutes - or should be understood as constituting - a recommendation to enter in any securities transactions or to engage in any of the investment strategies presented in our site content.
We do not provide personalised recommendations or views as to whether a stock or investment approach is suited to the financial needs of a specific individual.