- To begin with, the first thing we must mention today is that the price or trend of the EUR/USD asset continues to be Bearish, regardless of the fact that now in minor Temporalities there would be the possibility of entering a temporarily Bullish corrective phase, which can put an end to the current Bearish trend, as at the same time it can only be part of a setback seeking a discount and taking liquidity in the price, and then continue with its Downward trend.
- The second thing I should mention is that the price has remained completely bearish on Monday and Tuesday, so we would not be surprised to see trend changes or significant upward reversals today or tomorrow at the latest.
- As a third mention, we must mention that the price in the DXY in a temporary period of 15M created a valid CbdE which would only be missing the confirmation CbdE to validate the scenario of buying today at least temporarily or rather in scalping in any of the confirmation zones.
- But we have a con regarding that and that is that in the EUR/USD that same Change of structure or Bullish CbdE that happened in the DXY in the EUR/USD is not very clear and against being just a liquidity grab, For If we assume that the price in the EUR/USD does not create a valid CbdE to the upside, then we will only see that the price will have a Bullish discount to continue with its current trend, whether it turns around from the trend line current of the figure in smaller temporalities, such as in the nearest Ordec Block And even what we would like to happen is that it arrives first either to the intermediate or origin zone from the last Bearish impulse that we saw, before turning around.
IMPORTANT:
- The price has left us or rather has already confirmed that it is in an Intraday formation which will give validity to today's or tomorrow's direction when seeing a valid break in it.
- Said formation mentioned above is a descending channel, which if it breaks below we would have a pending objective to meet which would clearly take the price to the origin zone located below where the price currently resides. On the other hand, if said break of the formation above, then we will have an upward objective which would take the price at least close to or reach the intermediate zone from the last general bearish impulse.
- As I write the analysis of the day, I see that the price has just broken above the mini formation, so that would give us a minimum bullish objective which, when met, would validate at the same time the CbdE of the confirmation that would validate the bullish scenario for be buying today, at least looking for a bullish entry in scalping.
- I must also mention that the price can only be retracing to the resistance or upper part of the major formation, in order to resume its bearish trend. But we will be aware that if the Asian HIgh is eliminated, we would expect a discount valid for enter buy at least until the resistance of the major formation already mentioned.
EYE:
- If the price validates the bullish CbdE confirmation but at the same time respects the Ordec Block that it is close to reaching, then we should be on the lookout for a possible manipulation of our new confirmation zone and at the same time take into account continuity in the price down from said Ordec Block.
- Unlike if the price clearly eliminates the Asian High, which is where said Ordec Block is located, then YES we would be willing to take the risk of entering into a purchase in the confirmation zones recently created by the confirmation CbdE that we saw right now.
- On the other hand, if the price eliminates the Asian High but does not return to a discount, which is where the possible bullish entry for today would appear, and on the contrary it goes directly to the intermediate or origin zone since the last mini Bearish impulse, then we would have to wait to see if a bearish CbdE is presented to us followed by another in confirmation to enter into sales in any of the mentioned areas, but preferably if said scenario happens it is in the area of origin already mentioned.
- In addition we also have to be clear that if the bullish scenario at least does not happen before reaching the area of origin of the last mini Bearish impulse then it would be invalidated even if any purchase scenario for today is perfect, since We would be operating against the trend which would be risky.
- For high probability Bearish scenarios we would have to first see the price reach the intermediate or origin zone BUT of the GENERAL bearish impulse, and for the same thing as always to happen bearish CbdE in 1H or 15M followed by another CbdE in confirmation in shorter time frames like those from 3M or 1M.
- The bullish Scalping objectives for today are:
1.08100
1.08150
1.08200
1.08300
1.08400
1.08500
- The bullish Intraday objectives for today are:
1.08700
1.08800
1.08900
1.09000
1.09100
1.09200
1.09300
1.09400
1.09500
1.09600
1.09700
1.09800
1.09900
1.10000
1.10100
- The Bearish Scalping objectives for today are:
1.07722
1.07660
1.07620
1.07580
1.07540
1.07500
- The Bearish Intraday objectives for today are:
1.07450
1.07400
1.07300
1.07200
1.07100
1.07000
1.06900
1.06800
1.06700
1.06650
1.06599
- The second thing I should mention is that the price has remained completely bearish on Monday and Tuesday, so we would not be surprised to see trend changes or significant upward reversals today or tomorrow at the latest.
- As a third mention, we must mention that the price in the DXY in a temporary period of 15M created a valid CbdE which would only be missing the confirmation CbdE to validate the scenario of buying today at least temporarily or rather in scalping in any of the confirmation zones.
- But we have a con regarding that and that is that in the EUR/USD that same Change of structure or Bullish CbdE that happened in the DXY in the EUR/USD is not very clear and against being just a liquidity grab, For If we assume that the price in the EUR/USD does not create a valid CbdE to the upside, then we will only see that the price will have a Bullish discount to continue with its current trend, whether it turns around from the trend line current of the figure in smaller temporalities, such as in the nearest Ordec Block And even what we would like to happen is that it arrives first either to the intermediate or origin zone from the last Bearish impulse that we saw, before turning around.
IMPORTANT:
- The price has left us or rather has already confirmed that it is in an Intraday formation which will give validity to today's or tomorrow's direction when seeing a valid break in it.
- Said formation mentioned above is a descending channel, which if it breaks below we would have a pending objective to meet which would clearly take the price to the origin zone located below where the price currently resides. On the other hand, if said break of the formation above, then we will have an upward objective which would take the price at least close to or reach the intermediate zone from the last general bearish impulse.
- As I write the analysis of the day, I see that the price has just broken above the mini formation, so that would give us a minimum bullish objective which, when met, would validate at the same time the CbdE of the confirmation that would validate the bullish scenario for be buying today, at least looking for a bullish entry in scalping.
- I must also mention that the price can only be retracing to the resistance or upper part of the major formation, in order to resume its bearish trend. But we will be aware that if the Asian HIgh is eliminated, we would expect a discount valid for enter buy at least until the resistance of the major formation already mentioned.
EYE:
- If the price validates the bullish CbdE confirmation but at the same time respects the Ordec Block that it is close to reaching, then we should be on the lookout for a possible manipulation of our new confirmation zone and at the same time take into account continuity in the price down from said Ordec Block.
- Unlike if the price clearly eliminates the Asian High, which is where said Ordec Block is located, then YES we would be willing to take the risk of entering into a purchase in the confirmation zones recently created by the confirmation CbdE that we saw right now.
- On the other hand, if the price eliminates the Asian High but does not return to a discount, which is where the possible bullish entry for today would appear, and on the contrary it goes directly to the intermediate or origin zone since the last mini Bearish impulse, then we would have to wait to see if a bearish CbdE is presented to us followed by another in confirmation to enter into sales in any of the mentioned areas, but preferably if said scenario happens it is in the area of origin already mentioned.
- In addition we also have to be clear that if the bullish scenario at least does not happen before reaching the area of origin of the last mini Bearish impulse then it would be invalidated even if any purchase scenario for today is perfect, since We would be operating against the trend which would be risky.
- For high probability Bearish scenarios we would have to first see the price reach the intermediate or origin zone BUT of the GENERAL bearish impulse, and for the same thing as always to happen bearish CbdE in 1H or 15M followed by another CbdE in confirmation in shorter time frames like those from 3M or 1M.
- The bullish Scalping objectives for today are:
1.08100
1.08150
1.08200
1.08300
1.08400
1.08500
- The bullish Intraday objectives for today are:
1.08700
1.08800
1.08900
1.09000
1.09100
1.09200
1.09300
1.09400
1.09500
1.09600
1.09700
1.09800
1.09900
1.10000
1.10100
- The Bearish Scalping objectives for today are:
1.07722
1.07660
1.07620
1.07580
1.07540
1.07500
- The Bearish Intraday objectives for today are:
1.07450
1.07400
1.07300
1.07200
1.07100
1.07000
1.06900
1.06800
1.06700
1.06650
1.06599