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PULEMokhothu
Jan 22, 2024 8:10 AM

EUR/USD 1.09028 +0.05 % LONG IDEA MTF BIAS 🐮🐮🐮 Long

Euro Fx/U.S. DollarFXCM

Description

HELLO TRADERS
Hope everyone is doing great 🛑 New week new opportunities
A look at the EURUSD ahead of the new week 👌MULTI-TIMEFRAME ANALYSIS

DXY DAILY

* We see the 78.6 % FIB level holding in the past week.
* Looking for signs of some bearish momentum for continuation with the bears.
* The DXY is currently trading in PREMIUM.
* Any signs of bearish momentum would Signal Bearish moves for the week that is.
* Bullish momentum changes the Bias for the week & possibly signals reversals
* We took internal LQ on the daily looking for some external LQ to be take.
* Bullish sentiment will change should we take SSL.


EURUSD DAILY TIME-FRAME

* As they always say THE TREND IS YOUR FRIEND thats the basis on this unless momentum tells otherwise.
* While looking for the DXY's weakness this week this IDEA might be favored.
* The EURUSD is bouncing off a + FVG
* Violation of this FVG might not change the bias much, looking for continuation bullish.
*


EURUSD 4H TIME-FRAME

* 4H fvg has not seen any violation we see the 50% of the fvg holding well.
* A retest is possible before continuation
* But the bullish sentiment stands from the 4H View.
* Targeting BSL as my draw in LQ for the week.



EURUSD 1H TIME-FRAME

* Looking to see a retracement into the +OB
* SHIFT in momentum with the bulls.
* possible continuation of the trend.
* targeting BSL.



HOPE YOU ENJOYED THIS OUT LOOK, SHARE YOURS BELOW🛑

lets see how it goes.

IF THIS IDEA ASSISTS IN ANY OR IF YOU LIKE THIS ONE
SMASH THAT LIKE BUTTON & LEAVE A COMMENT.
ALWAYS APPRECIATED
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* Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT.
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| * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - I TAKE MY TRADES ON A INTRA DAY SESSIONS BASIS THIS IS NOT FINACIAL ADVICE TO EXCECUTE ❤

LOVELY TRADING WEEK TO YOU!
Comments
KINGLEPZ
let's see how it goes
PULEMokhothu
no other choice @KINGLEPZ,
PULEMokhothu
appreciate it @KINGLEPZ,
LepzaTheTRADER
nice 1ne
PULEMokhothu
thank you @LepzaTheTRADER,
PULEMokhothu
appreciate it @LepzaTheTRADER,
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