Hey guys!
Over the past 2 weeks, we have seen the EURUSD pair go deep down. The beautiful part is that it played out well according to our analysis and prediction. So let's try again.
This time, we see this pair switch like a flipped coin from a long bearish to a steep bullish climb. Will this be the end of the bearishness, and are the Bulls to resume taking...
We see that the pair is overwhelmingly bearish. But is there is chance for a little bit of bullishness in all of these...?
Watch the video to find out.
In this video, we take a close look at the EURUSD pair to ascertain where it is going.
Our analysis reveals we are to expect short-term bullishness on the 1 hour to drive prices into our 4 hour PB, following which prices are expected to drop significantly towards the 4 hour liquidity target.
Helo students and traders.
Here is a quick top down analysis on the EURUSD.
By way of summary, we have come to the realisation that this pair is Bearish on the Monthly, Bearish on the Weekly, Bullish on the Daily and 4 hour, while holding a clear bearish perspective on the 1 hour time frame.
Because we believe in trading the smaller timeframe in the direction of...
This pair has witnessed a great deal of back forth in the preceding days and weeks. In todays anaylsis, we see how the market on the 1 hour has once again flipped from a bullish perspective (PB) right into a bearish perspecrive with a new PB to the downside.
We will look to hold this bearishness with the ultimate goal of targeting our Daily liquidity target all...
PH @ 1.0828
ISR @ 1.0815
RESISTANCE @ 1.07994
+SL @ 1.0730 🚫 — MODIFIED
There is the probability of PA pulling back down to:
Support1 @ 1.07994 or
Support2 @ 1.06664
SLO @ 1.1050 ⏳
TP1 @ 1.0890
TP2 @ 1.0800
BLO1 @ 1.0775 ⏳ (aggressive)
BLO2 @ 1.0750 ⏳ (conservative)
TECHNICAL ANALYSIS:
The EUR/USD pair has been in a bullish trend since early June, breaking above the 1.0800 Resistance Level.
On the other hand, the EURUSD pair is coming into the Supply Range from ~1.1015 up to ~1.1055 (16H). If this level is NOT broken...
TP4 @ 1.1085 (closing ALL Buy Orders)
TP3 @ 1.0966 (shaving)
TP2 @ 1.0860 (shaving)
TP1 @ 1.0780 (shaving)
BSO @ 1.0725 📈
BLO @ 1.0690 📈
-SL @ 1.0638 🚫
Jun 13
TOOK PROFIT @ TP1
14 hours ago
WE TOOK PROFIT @ TP1 for a combined net total of +145 pips
WE TOOK PROFIT @ TP2 for a combined net total of +305 pips
2 minutes ago
Modified Stop-Loss (+SL) @ 1.0900 (30m)
IMPORTANT FACTORS:
—The Department of Labor will release the weekly Initial Unemployment Claims report on Thursday, May 25, 2023, at 05:30 PT.
—The report measures the number of individuals who filed for unemployment insurance for the first time during the past week.
—The market impact of the report can vary from week to week. Still, it is typically more...
SLO @ 1.1085 (80m)
TP3 @ 1.1055 (closing ALL Buy Orders)
TP2 @ 1.1020 (shaving 50%)
TP1 @ 1.0980 (shaving 50%)
BLO 1.0915 📈
-SL @ 1.0885 🚫
🚫 Unfortunately, my SL was too tight and "they" got me. Price Action on the 3m chart appears to be based on the Wyckoff Accumulation Phase, so I re-entered @ the same BLO (see above)
Wyckoff Accumulation Phase
...
