Lower Lows.. More Low Prices to end the Week? 🚠 Eurusd
Eurusd is going down. Will it continue to go down is the question?
We are at the Extreme Daily Level 1.08392 of our larger Range. The Daily Candle just printed almost exactly at our Level. Not above nor Below.
Bear Market Structure still Maintains itself So long as a 1Hr candle doesn't print above 1.0872 on the 1Hr Timeframe.
Unemployment Claims Data is expected to be positive for the USD during the Next NY Session.
However the Unemployment Claims data since February has been increasing more and more as more people file for Unemployment. Not a good sign for the Workforce. Maybe this is
is more of an excuse to buy our Reserve and Safe Haven Currency .. the U.S. Dollar.
The News release may be the catalyst for a continuation of momentum to the downside
+ Another Lower Low printed in Market structure. The price I like for a weekly Bearish target is 1.07925 4Hr Zone
Our Bullish Eurusd target for the end of the week is 1.0872 Daily level.
We have our Level's plotted and will use Technical Analysis to create good Risk Reward Ideas. The market is random after all and we can only use our form of technical analysis to manage risk.
We are at the Extreme Daily Level 1.08392 of our larger Range. The Daily Candle just printed almost exactly at our Level. Not above nor Below.
Bear Market Structure still Maintains itself So long as a 1Hr candle doesn't print above 1.0872 on the 1Hr Timeframe.
Unemployment Claims Data is expected to be positive for the USD during the Next NY Session.
However the Unemployment Claims data since February has been increasing more and more as more people file for Unemployment. Not a good sign for the Workforce. Maybe this is
is more of an excuse to buy our Reserve and Safe Haven Currency .. the U.S. Dollar.
The News release may be the catalyst for a continuation of momentum to the downside
+ Another Lower Low printed in Market structure. The price I like for a weekly Bearish target is 1.07925 4Hr Zone
Our Bullish Eurusd target for the end of the week is 1.0872 Daily level.
We have our Level's plotted and will use Technical Analysis to create good Risk Reward Ideas. The market is random after all and we can only use our form of technical analysis to manage risk.
Comment:
Just Prior to News, Price may do a continuation with news , News may act as a Catalyst .
Comment:
Price did a Continuation of previous downtrend with Positive Unemployment Claims Data. Better than expected data. We anticipated this and took a good trade. The last of the week. Have a nice weekend.
Comment:
Price didn't go down precisely as planned. It went down and I capitalized on the move a few minutes after news came out for Unemployment data. I was properly prepared and so was not surpirsed to see price continue it's downward decent. We tapped into our Daily Level, and accumulated for a few hours before re-accumulating back to the upside. Sellers took profits and buyers stepped in on the Higher Timeframes ( Daily Level) The weekly Candle Pulled back up and created a wick to end off the week. Creating a range to fill for the next week back down to 1.07595. Have a nice weekend.
