AliShirali

Eurusd: Sellers potential target

AliShirali Updated   
FX:EURUSD   Euro / U.S. Dollar

📊The market is fractal. This statement opens Pandora's box for you.
Small parts that make up bigger shapes. Every big part has small parts that together make it. Each of these smaller parts are customized boxes that each have a specific task and until this mission is completed, these boxes have the task of keeping the price up or down.
📊 call the main movements impulses, which include powerful and sharp movements that are executed by buyers or sellers. Identifying these movements is very simple, in the price charts, we identify them with large ascending or descending candlesticks, which are created by executing order flow.
So far, the work is easy and it is easily recognized by amateurs, the main problem of traders after all these movements is that the institutions try to mislead you with all kinds of tricks.
To simplify your analysis, try to separate these movements, the main impulse and corrective movements.
To explain this matter more easily, I mark some areas on the diagram.
- 📈Impulse movement
- 📉Corrective movement or action
✍ point number 1, the market sharply and powerfully breaks the support zone, part of the goals of the movement have been achieved, but there are still goals that must be achieved later in the continuation of the movement.
But how?
We know that the necessary energy must be provided for any movement, the price has started its movement from somewhere and has obtained the necessary energy from higher/lower levels, the first goal has been achieved, and now it needs energy for the next goal and it must be provided somehow.
For this, institutions start to accumulate or distribute.
When the number 1 breaks, the construction of a flag starts, before the price goes back to the lower/higher targets. In this chart, before the price is directed to lower levels, the market makers take action and raise the price in the opposite direction of the sellers, and within the flag .
They create a market similar to a rising market to encourage small traders to buy and convince them that the downward wave is over and this quasi-upward movement is a new wave, and in this way they deceive a large number of amateurs.
📊What we expect?
-Sellers first target is 1.0350
-Best scalp buy point 1.02
Please notice this is a daily chart analyse and we need confirmation to enter a buy
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4h view
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2H view:
Look at support (left) and then to right where it is broken:
Here they start to creat a tiny bull market to mislead you .
Have a great trading day
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