surieltobal

EUR/USD BUY ON CONFIRMATION IN 1M OR 3M

Long
OANDA:EURUSD   Euro / U.S. Dollar
- Today we have at least so far a clear Bullish direction, which has a good chance of continuing and reaching the point of eliminating yesterday's High in NY, at the same time as before breaking and closing x above the zone of origin from the first bearish impulse we had at the beginning of the week.

- Yesterday we saw strong bullish reactions, both due to the high-impact news that we had and due to the confirmation of trend changes that were presented. In addition, until mid-NY Time the price remained bullish, leaving us highs again and again. and minimums in the increasing price.

- Everything mentioned above, After more or less half of yesterday's NY time, said bullish phase changed or ended. After the price eliminated both the Bearish trend line that had liquidity plus the zone of origin of the first bearish impulse that we had at the beginning of the week.

- But we must highlight that although the price eliminated the zone and the trend line mentioned yesterday, as we can see it was only a manipulation of the price in order to obtain liquidity, since after what happened, the price turned around and reacted with the same downward force, where the NY session closed close to where it opened.

IMPORTANT:

- As we already mentioned yesterday, the price was bullish half of the time and the other half down, which caused both the elimination and taking of liquidity of the entire previous scenario that had happened, both Bullish and Bearish, Leaving us a New High and at the same time Today's London opening left us with a new Low in the price.

- Within the same London schedule that is still in force, we can see that the price takes all the liquidity and the Low of NY and ASIA from previous days of the week, and subsequently took the High of Asia from yesterday as well, which It leaves us with only today's London Low and yesterday's Ny High to eliminate.

- By the opening of NY, the price had already made or caused a change in structure, which went up, which happened with the elimination of the Asian High already mentioned. Therefore, for the opening and operating hours in NY we expected or expected , Because it already happened and he left without us, Throwbacks to the nearest Ordec Block before the bullish CbdE that happened in London.

EYE:

- Taking into account that the price fell back to the Ordec Block that we mentioned and did not leave us a confirmation with which we could be entering the market to buy in order to first eliminate today's rising London High followed by closing above it again of the trend line, but possibly take or approach yesterday's NY High.

- Therefore, although the price has already achieved the scenario we expected, we can see that the price clearly eliminated its first objective, today's rising London High. Therefore, if the price begins to retrace to intermediate or origin zones from the last recent momentum we saw bullish, We could be looking for one more buying opportunity to enter the market today.

- ONLY if the price gives us an extra confirmation regardless of the zone, Ordec Block or Level on which it is going to support, then the possibility of looking for a purchase would be valid until at least eliminating the new growing High or the trend line that is still You can use the price as resistance to turn around.

- On the other hand, if the price eliminates any Low left today, any possibility of purchases for today would automatically be invalidated. Specifically, the level of 1.08613 and 1.08584 are key levels that the price should not eliminate.

- If the price eliminates the level of 1.08613, it should NOT MANIPULATE, not even with a wick, the level of 1.08584 so that the possibility of a purchase between said levels can continue to exist.

- Finally, if the 1.08613 level is eliminated, any previously mentioned bullish scenario will definitely be invalidated.

- Now to close and to leave a possible Bearish scenario for today, First we must see the elimination with force and volume of the key level of 1.08613 and surpass it with a good distance to the Low and then the Demand zone that would be eliminated would become an Offer zone or rather an Ordec Block zone in bankruptcy.

- Which if said scenario mentioned happens then we could use it to first wait to see a confirmation, that is, after eliminating said downward zone and going back to it we would expect to see a Bearish CbdE at lower temps to be selling in search of extensions to lower levels for today.
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