Eur/Usd Purchase upon Confirmation BEWARE of manipulations
- As always we will start with what has happened in the price since yesterday,
We can clearly observe that yesterday the price entered the Demand zone of all the Bullish momentum that we had in the past, in the medium-term trend.
- Therefore, today, knowing that the price has been declining for several days, the most probable and at the same time high probability is that the price must change the trend from bearish to bullish or at least retreat to key levels, Regardless of whether said Bullish trend is effectively resumed in its entirety or we will only witness setbacks of the former bearish trend in which the price was recently.
- Because I say ex Bearish Trend, Well if we look closely at the last price movement, we can detect that a trend change clearly occurred in one of the safest temporalities, which validates a CbdE A or high probability structure change , for today.
IMPORTANT:
- After witnessing said change in structure, at the time of the NY session, we hope that the price will go back, making a valid discount, to the zone of origin created by said CbdE A, but we have to keep in mind that the price may if it arrives to retreat and break the intermediate zone created by the same recent bullish momentum, once it reaches the origin zone it could manipulate the London Low before starting to rise again.
- Therefore, once the price makes said discount, if it happens, then we would go down to temporalities of 5m, 3M or 1M to be waiting for the same scenario that we already saw to happen, thus using said new repetition of the same scenario as confirmation to be looking for the opportunity to enter a purchase at today's price.
- We must also keep in mind that the price may not retrace to the origin zone, and only retrace to the intermediate zone, and it can even go directly from where it currently resides, since the price is currently above a bearish trend line which can now be used as support for the price to support itself and continue with its new upward trend.
EYE:
- If the price only reaches the intermediate zone or goes from the already mentioned trend line, there is no trade for today, which means that only if the price has a discount of at least 78% from the recent momentum, then that is when we would be considering the idea that today there will be a trade buying a valid discount.
- I must also mention something that I personally do not like in the last price movement, and that is that when the market gave us the CbdE A or 4h structure change, if we look closely 1- the price did not close at all far from where This is or was the key level that would validate said CbdE A, and we can also observe that a little higher than where said key level was to validate CbdE A we have or had prior Alcsite Liquidity, which may be telling us that the price can I am not saying that it is certain nor is it highly probable, but we must keep it in mind today. The price could only have obtained said liquidity to continue with its Bearish trend which could eliminate the London Low, thus creating a new Low. thus breaking the demand zone.
- Finally, we have the objectives for today, regardless of whether there is a trade or not. For bullish objectives we have the following key levels that we have to keep pending:
1.09725
1.09900
1.10000
1.10100
1.10200
1.10300
1.10400
1.10463
1.10600
1.10800
1.11000
1.11200
1.11400
- While if the price decides to continue its previous downward trend we would have to have the following key levels pending:
1.08929
1.08724
1.08600
1.08500
1.08400
1.08200
1.08000
1.07800
1.07606
1.07400
1.07200
1.06926
We can clearly observe that yesterday the price entered the Demand zone of all the Bullish momentum that we had in the past, in the medium-term trend.
- Therefore, today, knowing that the price has been declining for several days, the most probable and at the same time high probability is that the price must change the trend from bearish to bullish or at least retreat to key levels, Regardless of whether said Bullish trend is effectively resumed in its entirety or we will only witness setbacks of the former bearish trend in which the price was recently.
- Because I say ex Bearish Trend, Well if we look closely at the last price movement, we can detect that a trend change clearly occurred in one of the safest temporalities, which validates a CbdE A or high probability structure change , for today.
IMPORTANT:
- After witnessing said change in structure, at the time of the NY session, we hope that the price will go back, making a valid discount, to the zone of origin created by said CbdE A, but we have to keep in mind that the price may if it arrives to retreat and break the intermediate zone created by the same recent bullish momentum, once it reaches the origin zone it could manipulate the London Low before starting to rise again.
- Therefore, once the price makes said discount, if it happens, then we would go down to temporalities of 5m, 3M or 1M to be waiting for the same scenario that we already saw to happen, thus using said new repetition of the same scenario as confirmation to be looking for the opportunity to enter a purchase at today's price.
- We must also keep in mind that the price may not retrace to the origin zone, and only retrace to the intermediate zone, and it can even go directly from where it currently resides, since the price is currently above a bearish trend line which can now be used as support for the price to support itself and continue with its new upward trend.
EYE:
- If the price only reaches the intermediate zone or goes from the already mentioned trend line, there is no trade for today, which means that only if the price has a discount of at least 78% from the recent momentum, then that is when we would be considering the idea that today there will be a trade buying a valid discount.
- I must also mention something that I personally do not like in the last price movement, and that is that when the market gave us the CbdE A or 4h structure change, if we look closely 1- the price did not close at all far from where This is or was the key level that would validate said CbdE A, and we can also observe that a little higher than where said key level was to validate CbdE A we have or had prior Alcsite Liquidity, which may be telling us that the price can I am not saying that it is certain nor is it highly probable, but we must keep it in mind today. The price could only have obtained said liquidity to continue with its Bearish trend which could eliminate the London Low, thus creating a new Low. thus breaking the demand zone.
- Finally, we have the objectives for today, regardless of whether there is a trade or not. For bullish objectives we have the following key levels that we have to keep pending:
1.09725
1.09900
1.10000
1.10100
1.10200
1.10300
1.10400
1.10463
1.10600
1.10800
1.11000
1.11200
1.11400
- While if the price decides to continue its previous downward trend we would have to have the following key levels pending:
1.08929
1.08724
1.08600
1.08500
1.08400
1.08200
1.08000
1.07800
1.07606
1.07400
1.07200
1.06926