Note** If the Index is going up it means that this currency as actually bearish, and vice versa.
Pretty much the same as my USD and GBP outlook overview, just different structure. These three typically move in a similar fashion, with the USD being the outlier when they diverge.
For the EUR we need price to close outside of the teal box, ideally I'd like to see the day close completely bullish and then bullish another day. This idea is still in development.
I have two blue arrows marked on the bottom. The one on the right is a liquidity grab I believe. Price made a new low and quickly reversed which shows me banks faked a new low, and bought against everybody. Then when we retested that exact price it held up as support. Only they have the strength to make it act as support against those sell orders.
If we get a pullback I'm looking for the same thing to happen but this time with the yellow box. I'd love to see price test the top of it as support. This is another spot where sellers recently got triggered and if my assumption is correct about where the banks want to go, they will keep this people trapped and reverse up on them.
The next targets would be that double top (pink triangles) swing high's. There should be stops sitting just above those two swing highs, especially the first one...so many people see that as the double top retest. We also have retracement fib levels and harmonic projections that complete exactly at these swing high spots.
I trade based off of a few concepts, fibs/harmonics, volume/liquidity, and structure. That's pretty much it.
Here is how I use them:
Harmonics / Fibs : I use them for algorithms. I project them into market maker zones because they trade based off algorithms.
Volume & Liquidity : Find where the big money is sitting at, and their orders (general area). This gives you big reactions as orders flood in.
Structure : Gives me confirmation my idea was right, I use it for entry, and a few other things.
Pretty much the same as my USD and GBP outlook overview, just different structure. These three typically move in a similar fashion, with the USD being the outlier when they diverge.
For the EUR we need price to close outside of the teal box, ideally I'd like to see the day close completely bullish and then bullish another day. This idea is still in development.
I have two blue arrows marked on the bottom. The one on the right is a liquidity grab I believe. Price made a new low and quickly reversed which shows me banks faked a new low, and bought against everybody. Then when we retested that exact price it held up as support. Only they have the strength to make it act as support against those sell orders.
If we get a pullback I'm looking for the same thing to happen but this time with the yellow box. I'd love to see price test the top of it as support. This is another spot where sellers recently got triggered and if my assumption is correct about where the banks want to go, they will keep this people trapped and reverse up on them.
The next targets would be that double top (pink triangles) swing high's. There should be stops sitting just above those two swing highs, especially the first one...so many people see that as the double top retest. We also have retracement fib levels and harmonic projections that complete exactly at these swing high spots.
I trade based off of a few concepts, fibs/harmonics, volume/liquidity, and structure. That's pretty much it.
Here is how I use them:
Harmonics / Fibs : I use them for algorithms. I project them into market maker zones because they trade based off algorithms.
Volume & Liquidity : Find where the big money is sitting at, and their orders (general area). This gives you big reactions as orders flood in.
Structure : Gives me confirmation my idea was right, I use it for entry, and a few other things.