EUR/USD BUY ON CONFIRMATION UNTIL THE TARGET OF INVESTED HCH
- Today we can clearly see how the price has followed its Main trend which is Bullish and Probably today it will continue until at least meeting the pending objective of the previous formation in longer periods such as 1H or 4H.
- Being clear that the price must still meet said bullish objective, we know that the indicated direction or rather high probability to be operating today is upwards, therefore once the price falls we would be looking for a confirmation in breakout, intermediate or origin zones since the last recent impulse to be buying.
- We must be clear that if the price continues its current trend and instead of retreating, giving us that possible opportunity to enter the market today to buy, it can be invalidated if the price decides to continue said trend, meeting the objective directly without first retreating.
- On the other hand, we must also observe that we could, I do not affirm that it is highly probable, but it does exist, and that is that the price in the Eur/Usd was now the first time that it broke or closed above the area where it was located. , which was or is the General intermediate zone of the entire Bearish impulse of greater temporalities or of medium or long term. Therefore, seeing that the DXY has already left the same zone several times, a divergence could be creating, which What we are seeing in the Eur/Usd is just manipulation and taking liquidity to later turn around.
- We must be clear about what was mentioned above that it is of low probability and that it will only be possible to have said downward price prediction, if before we begin to see weakenings in the CbdE price plus Bearish, in other words significant downward structural changes, To then we can consider operating in that direction.
IMPORTANT:
- Let us remember that after the price either eliminates a zone or eliminates a High or Low, the price almost always has a significant discount to subsequently continue with its current trend, and even sometimes after eliminating a High or Low the price is the return since it has reached its highest levels creating a New HIgh or Low. Therefore, we must be on the lookout if any Bearish CbdE is presented to us while the price begins to decline.
- I would also like to mention that the price has had a clear trend leaving clearly Ascending Highs and Lows, so upon seeing the break of the super important intermediate zone, plus the elimination of both the Asian High of Yesterday and the elimination of the Asian High on the 20th We would not be surprised to continue seeing bullish extensions in the price, and there is even a probability that the price will want to reach the zone of origin of the General Bearish impulse in the medium or long term.
- The price should reach its objective pending the inverted head shoulder that we had last week, which has already been confirmed previously and is close to meeting said objective which is located between 1.09800 and 1.09896.
EYE:
- While I write the analysis of the day, I can see that the price has continued to rise and is only several pips away from entering or mitigating the first level mentioned above. If the price meets the pending objective and at the moment of retracing it leaves us again with a Minimum increasing then there would be the very high probability, by the way, that the price this week will remain on the rise in search of reaching the General origin zone already mentioned.
- The ideal for us today is that the price, before reaching the last level of the pending objective, the price recedes to be looking for a possible opportunity to enter the purchase price today. The most likely thing is that if the price retraces would only do so to a breakout or intermediate zone, although for us a discount to the zone of origin of the current recent impulse is more likely.
- If the price from where it is begins to retrace, we expect it to have a discount at least to the breakout zone levels and intermediate between 1.09655 and 1.09612, while if the discount is more aggressive as well as the rise, then we would be waiting between the levels of 1.09550 and 1.09473.
- The bullish high probability levels for today, and the rest of the week, would be the following:
1.09896
1.10000
1.10050
1.10100
1.10179
1.10300
1.10400
1.10500
1.10600
1.10700
1.10800
1.10900
1.11000
1.11200
1.11300
1.11400
1.11500
1.11600
1.11700
1.11800
1.11900
1.12000
1.12100
1.12200
1.12300
1.12400
1.12500
1.12600
1.12700
1.12800
- On the other hand, if the price decides to turn around and change trend, even temporarily, we would have the following levels to take into account:
1.09450
1.09350
1.09250
1.09150
1.09050
1.09000
1.08950
1.08900
- Being clear that the price must still meet said bullish objective, we know that the indicated direction or rather high probability to be operating today is upwards, therefore once the price falls we would be looking for a confirmation in breakout, intermediate or origin zones since the last recent impulse to be buying.
- We must be clear that if the price continues its current trend and instead of retreating, giving us that possible opportunity to enter the market today to buy, it can be invalidated if the price decides to continue said trend, meeting the objective directly without first retreating.
- On the other hand, we must also observe that we could, I do not affirm that it is highly probable, but it does exist, and that is that the price in the Eur/Usd was now the first time that it broke or closed above the area where it was located. , which was or is the General intermediate zone of the entire Bearish impulse of greater temporalities or of medium or long term. Therefore, seeing that the DXY has already left the same zone several times, a divergence could be creating, which What we are seeing in the Eur/Usd is just manipulation and taking liquidity to later turn around.
- We must be clear about what was mentioned above that it is of low probability and that it will only be possible to have said downward price prediction, if before we begin to see weakenings in the CbdE price plus Bearish, in other words significant downward structural changes, To then we can consider operating in that direction.
IMPORTANT:
- Let us remember that after the price either eliminates a zone or eliminates a High or Low, the price almost always has a significant discount to subsequently continue with its current trend, and even sometimes after eliminating a High or Low the price is the return since it has reached its highest levels creating a New HIgh or Low. Therefore, we must be on the lookout if any Bearish CbdE is presented to us while the price begins to decline.
- I would also like to mention that the price has had a clear trend leaving clearly Ascending Highs and Lows, so upon seeing the break of the super important intermediate zone, plus the elimination of both the Asian High of Yesterday and the elimination of the Asian High on the 20th We would not be surprised to continue seeing bullish extensions in the price, and there is even a probability that the price will want to reach the zone of origin of the General Bearish impulse in the medium or long term.
- The price should reach its objective pending the inverted head shoulder that we had last week, which has already been confirmed previously and is close to meeting said objective which is located between 1.09800 and 1.09896.
EYE:
- While I write the analysis of the day, I can see that the price has continued to rise and is only several pips away from entering or mitigating the first level mentioned above. If the price meets the pending objective and at the moment of retracing it leaves us again with a Minimum increasing then there would be the very high probability, by the way, that the price this week will remain on the rise in search of reaching the General origin zone already mentioned.
- The ideal for us today is that the price, before reaching the last level of the pending objective, the price recedes to be looking for a possible opportunity to enter the purchase price today. The most likely thing is that if the price retraces would only do so to a breakout or intermediate zone, although for us a discount to the zone of origin of the current recent impulse is more likely.
- If the price from where it is begins to retrace, we expect it to have a discount at least to the breakout zone levels and intermediate between 1.09655 and 1.09612, while if the discount is more aggressive as well as the rise, then we would be waiting between the levels of 1.09550 and 1.09473.
- The bullish high probability levels for today, and the rest of the week, would be the following:
1.09896
1.10000
1.10050
1.10100
1.10179
1.10300
1.10400
1.10500
1.10600
1.10700
1.10800
1.10900
1.11000
1.11200
1.11300
1.11400
1.11500
1.11600
1.11700
1.11800
1.11900
1.12000
1.12100
1.12200
1.12300
1.12400
1.12500
1.12600
1.12700
1.12800
- On the other hand, if the price decides to turn around and change trend, even temporarily, we would have the following levels to take into account:
1.09450
1.09350
1.09250
1.09150
1.09050
1.09000
1.08950
1.08900