EUR.USD during a volatile time period due to Bank Rate Decisions. ECB release yesterday created the Impulse and is now revisiting. US GDP news just came out with mixed data for FED consideration.
"Impulse" is a surge that creates "Ripples", like a pebble into water. "Impulse Redux" is returning of wave to the original source of energy. "Impulse Core" is the zone of maximum energy, in the Golden Pocket.
Are the buyers still there? Enough to absorb the selling power? Reaction at Impulse is worth observing closely to gauge energy. Rejection is expected on at least first approach if not several.
This is part my ongoing series to collect examples of my Methodology.
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Ordered Chaos
every Wave is born from Impulse, like a Pebble into Water. every Pebble bears its own Ripples, gilded of Ratio Golden. every Ripple behaves as its forerunner, setting the Pulse.
each line Gains its Gravity . each line Tried and Tested. each line Poised to Reflect.
every Asset Class behaves this way. every Time Frame displays its ripples. every Brain Chord rings these rhythms.
He who Understands will be Humble. He who Grasps will observe the Order. He who Ignores will behold only Chaos.
Ordered Chaos
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Perfect action around the Impulse Core. Usually takes a few attacks to break, and can sometimes reverse the move with a new Impulse Launch.
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so EU bulls held the Impulse Core and kicked bears out of their house for now but were only able to kick the bears to front sidewalk.... It is also Friday late US session so very little volume, so the apparent strength of the core is to be adjusted lower.
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Another Ping off the Impulse Core lets see if bulls can push it out of the Impulse Zone completely.
So, Motif the best buy entrypoint it would be on Impulse Fib, right? But the others Impulse are still good entry's?
EuroMotif
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@FTHOR, Hi, generally yes.
BUT, it should show a strong bounce from it right away.
If not, then the buyers/sellers that originally formed the impulse might not be there any more ....
Fx_SALENTES18
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why impulsive?
EuroMotif
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@Fx_SALENTES18, Hi,
the Impulse and waves were from yesterday, due to ECB rate decision.
Today we have some US GDP news and further digestion of ECB news.
And now the it has returned to the Impulse of move up, this area will determine the market sentiment for some time to come.