FX:EURUSD Euro Fx/U.S. Dollar
a year ago
Note: Tomorrow is the Non-Farm Payroll… so this pair will react significantly to the news event. I am hoping to catch the up move out of the before the news event.
- Sentiment due to New Structural Lows on higher timeframes
- . Implies possible continuation in short-term direction. Based off of Bulkowski’s target prediction (~50 - 60% of height of triangle), it falls on the Fib Cluster at 1.0916
- Fib Cluster at structural level @ 1.0915 area
- Pattern Forming
- Price Action breaks to the upside of the (Bulls are pushing up, while the Bears are trying to keep them at bay… result is Higher Lows but no New Structure High… until either the Bears or the Bulls exhaust their strength and the other dominates Price Action).
- Price action will head towards my Kill Zone which is based off of structure, Fib ratios, and completions.
- By the time we get into the Kill Zone, the NFP event will probably be occurring. If not, then I will base my next trade on the and go for the ride down … if it happens.
a year ago
Comment: Price action broke towards the downside... well... it happens. move on to the next potential opportunity.