- The week began with Asia eliminating the London High from last week, and later, after London left us the High of the day and even the High of the week, We see how London also clearly eliminated the Asian Low from the day of Yesterday.
- Knowing this, the first thing I am going to mention is that the most likely scenario for today, taking into account what was mentioned above, is that the price recedes to intermediate zones or better yet to its zone of origin since the last Bearish impulse. that we just saw, To search for confirmations for sales.
- But also for the same scenario we should keep an eye on the Ordec Block zone in the break that left us with the price, which has since accelerated the aforementioned momentum, thus eliminating the Asian Low.
- On the other hand, although the Bearish scenario is the most likely to be operating today, since the last increasing Highs have only been a decreasing High of the main trend, Secondary Bearish that is still in force. We cannot rule out movements and even changes in upward trends.
IMPORTANT:
- Currently the price is within a Bullish Ordec Block zone, which at the same time is the zone of origin since the last one we had in NY last Friday,
- Therefore we cannot rule out that 3 things happen from now on:
1- That the price reacts to the Rise, reaching either the intermediate zone, the ordec block zone in break, or the zone of origin from the Bearish impulse that we have just seen recently. And then continue with its Bearish trend.
2- That the price reacts to the same area in which it is located, but that against it is not with the reason or purpose of mitigating the Bearish areas mentioned above, but rather that from where it is located we see Bullish CbdE and that finally The current bearish trend ends, leading the price to resume its new bullish phase.
3- That the price either reacts to said zone where it is located and even that it breaks it directly if it first retreats. In other words, even if said zone makes the price react to the Rise, it will later be breaking it or in the but or better of cases, it goes directly to areas of even greater importance located further down.
EYE:
On the Bearish side:
- If we look closely we can see the elimination of yesterday's Asian Low.
- We can see elimination of the Bullish trend line with today's Bearish momentum.
- The price had a secondary bullish trend, which was only a setback of the Bearish trend still in force.
- After having reached the intermediate zone between 50 and 61% since the last Bearish impulse, the price mitigated it, manipulated it and ended up using it as resistance to make the price react by causing a new Bearish impulse.
- We would have an opportunity to sell if the price, before preferably eliminating last week's NY Low, retraces either to the intermediate zone, the Ordec Block zone in breakout or the zone of origin of the last bearish impulse, which if The aforementioned happens so we would wait for CONFIRMATION in smaller areas to be selling today.
On the Bullish side:
- The price has left us with the last 2 Lows close to the same level, which means that the price is apparently finding an area where demand is greater than supply, once the price approaches or is within it.
- Furthermore, we can clearly see that the price has not been able to break the key level of 1.06599, in the area mentioned above. Kisas has manipulated it with a wick but has not been able to close with body below it. Therefore, every time the price Touching it subsequently produces a significant setback or a bullish impulse, and since the last mitigation we have seen increasing Minimums, after today the price had a new fall or liquidity acquisition. For the same reason mentioned, we cannot rule out that if the price provokes us a bullish CbdE would not be leaving a new growing low, which would be validating a bullish divergence, which is positive for a new trend change.
- Currently the price resides in a Demand zone since the last Bullish impulse. Therefore we could see bullish reactions in said zone. In order to validate that zone we would first have to see an Rising CbdE in Temporalities minimum of 15M to 1H for said confirmation If it occurs, be looking for the opportunity to buy, looking for bullish setbacks and even new beginnings of a general bullish trend.
- We must also keep in mind that we have areas of even greater importance at lower levels, where we find an Ordec Block plus an Origin zone from the last Bullish impulse of the Primary trend of greater trend, Therefore, if the price breaks the zone in the which is found and even eliminates the support level mentioned above which has already been used twice although we hope that it will be used a 3rd time, if it is broken we would see more clearly Bearish extensions to the most important areas mentioned above.
Bearish Levels:
- 1.06627
- 1.06599
- 1.06530
- 1.06409
- 1.06244
- 1.06187
- 1.06100
Bullish Levels:
- 1.06781
- 1.06800
- 1.06868
- 1.06924
- 1.06965
- 1.06998
- 1.07087
- 1.07150
- 1.07200
- 1.07250
- 1.07299
- Knowing this, the first thing I am going to mention is that the most likely scenario for today, taking into account what was mentioned above, is that the price recedes to intermediate zones or better yet to its zone of origin since the last Bearish impulse. that we just saw, To search for confirmations for sales.
- But also for the same scenario we should keep an eye on the Ordec Block zone in the break that left us with the price, which has since accelerated the aforementioned momentum, thus eliminating the Asian Low.
- On the other hand, although the Bearish scenario is the most likely to be operating today, since the last increasing Highs have only been a decreasing High of the main trend, Secondary Bearish that is still in force. We cannot rule out movements and even changes in upward trends.
IMPORTANT:
- Currently the price is within a Bullish Ordec Block zone, which at the same time is the zone of origin since the last one we had in NY last Friday,
- Therefore we cannot rule out that 3 things happen from now on:
1- That the price reacts to the Rise, reaching either the intermediate zone, the ordec block zone in break, or the zone of origin from the Bearish impulse that we have just seen recently. And then continue with its Bearish trend.
2- That the price reacts to the same area in which it is located, but that against it is not with the reason or purpose of mitigating the Bearish areas mentioned above, but rather that from where it is located we see Bullish CbdE and that finally The current bearish trend ends, leading the price to resume its new bullish phase.
3- That the price either reacts to said zone where it is located and even that it breaks it directly if it first retreats. In other words, even if said zone makes the price react to the Rise, it will later be breaking it or in the but or better of cases, it goes directly to areas of even greater importance located further down.
EYE:
On the Bearish side:
- If we look closely we can see the elimination of yesterday's Asian Low.
- We can see elimination of the Bullish trend line with today's Bearish momentum.
- The price had a secondary bullish trend, which was only a setback of the Bearish trend still in force.
- After having reached the intermediate zone between 50 and 61% since the last Bearish impulse, the price mitigated it, manipulated it and ended up using it as resistance to make the price react by causing a new Bearish impulse.
- We would have an opportunity to sell if the price, before preferably eliminating last week's NY Low, retraces either to the intermediate zone, the Ordec Block zone in breakout or the zone of origin of the last bearish impulse, which if The aforementioned happens so we would wait for CONFIRMATION in smaller areas to be selling today.
On the Bullish side:
- The price has left us with the last 2 Lows close to the same level, which means that the price is apparently finding an area where demand is greater than supply, once the price approaches or is within it.
- Furthermore, we can clearly see that the price has not been able to break the key level of 1.06599, in the area mentioned above. Kisas has manipulated it with a wick but has not been able to close with body below it. Therefore, every time the price Touching it subsequently produces a significant setback or a bullish impulse, and since the last mitigation we have seen increasing Minimums, after today the price had a new fall or liquidity acquisition. For the same reason mentioned, we cannot rule out that if the price provokes us a bullish CbdE would not be leaving a new growing low, which would be validating a bullish divergence, which is positive for a new trend change.
- Currently the price resides in a Demand zone since the last Bullish impulse. Therefore we could see bullish reactions in said zone. In order to validate that zone we would first have to see an Rising CbdE in Temporalities minimum of 15M to 1H for said confirmation If it occurs, be looking for the opportunity to buy, looking for bullish setbacks and even new beginnings of a general bullish trend.
- We must also keep in mind that we have areas of even greater importance at lower levels, where we find an Ordec Block plus an Origin zone from the last Bullish impulse of the Primary trend of greater trend, Therefore, if the price breaks the zone in the which is found and even eliminates the support level mentioned above which has already been used twice although we hope that it will be used a 3rd time, if it is broken we would see more clearly Bearish extensions to the most important areas mentioned above.
Bearish Levels:
- 1.06627
- 1.06599
- 1.06530
- 1.06409
- 1.06244
- 1.06187
- 1.06100
Bullish Levels:
- 1.06781
- 1.06800
- 1.06868
- 1.06924
- 1.06965
- 1.06998
- 1.07087
- 1.07150
- 1.07200
- 1.07250
- 1.07299