edmorcastones

edmorcastones

EU is positioned and ready to go and target the HIGHS, Weekly structure is BULLISH. Daily Structure is BULLISH. 4H range is in-line with Daily Structure which is BULLISH. Current 4H Range is now on pullback, in order to take a trade to go LONG we need to see for the market to print the 15min BOS pointing up in short we need to see 15min Structure Bullish. Once...

edmorcastones

EU is on the 15min trend pullback within 4h Ranges (1.09044 - 1.07598) for the 15min it is now on a bullish phase since it facilitates the 4H pullback. No signs of a continuation of 4H going down no 15min structure turning bearish yet as of now. so in order to trade in this London and US Session i want to look for a BUY before the big SELL. for Buyers we must...

edmorcastones

EU's has been on a DAILY pullback phase since the break of its 4H lower key level last friday May 12, 2023. so a recap for the Direction of the overall timeframes to trade. Weekly - Bullish (impulsive) Daily - Bullish (on pullback phase) 4H - bearish (impulsive) 15min - Bullish (pullback of 4H) Key levels range to watch this US Session are (1.10958 - start of the...

edmorcastones

EU has been on its 2nd failed impulse on 15min going up, hence we can now anticipate the price will more likely to break below than achieve new highs above 1.10950. current price range is in 15min impulse Bearish on 1.10070 and had formed a 5min pullback at 1.09620. given the current 15min range on a supposed to be 4H impulse leg price is targeting the liquidity...

edmorcastones

It seems that the EUR has been exhausted and USD will take over. current price range is in 15min (1.10070 - 1.09720) if price manage to break the lower key level it will burst down to the 4H lower key level as a target. if this happens LONG position will be under 4H key level and we need to wait for it to circle its way back up. and we can take SHORTS in this...

edmorcastones

EU been choppy in this week waiting for that weekly volume to come into the markets, probably in this red news inflation. a chance to go and enter LONG published and printed at 5min range (1.09705 - 1.09620). Minimum target at 1.09775 maximum target at 4H Weak side (1.10960) strict stoploss below 15min or 5min range. Direction : LONG 4H trend direction :...

edmorcastones

EU price structure on the higher timeframe still remain in favor for LONGS even the lower timeframe now is still on a bearish movement. 4h price range are: HIGHER KEY LEVEL - (1.10961) & LOWER KEY LEVEL (1.09090) 15min range are:HIGHER KEY LEVEL - (1.10920) & LOWER KEY LEVEL (1.09664) Price now moving inside the recent 15min range downwards, what we are looking...

edmorcastones

Manage to Short EU for about 23r, kinda suspicious movement so i decided to not to hold until i see 4h Backing down below 1.09410 price. waiting to see the 5min restructure to the upside to see the play unfold to the upside. still we are on a 15min range impulse down , no pullback 5min yet and still going down. for the buy we need 5min restructure to perform a...

edmorcastones

EURUSD now turned Bearish for the lower timeframes 15min and below still 4H, Daily and Weekly stands to go LONG. for shorts - price must restructure to the upside before the confirmation to be formed, or could look into continuation at the 5min structure since the trend is now on 15min timeframe range. for buy - price must first print a 15min restructure to the...

edmorcastones

EURUSD price is now at the highest KEY level for this 4H Range (1.10920 area). The Direction is still LONG as for 4H, Daily and Weekly. as for Shorts shall be on ranges 15min and 5min short term sells. Hence we will wait for the Pullback of 4H to get Short and a Pullback on 15min shall be the entry point for the the Sell above 1.10920 area. For Longs still it...

edmorcastones

EURUSD - Direction is still for the Bullish Side. From timeframes Weekly, Daily and 4h. analysis is there are multiple Short Opportunities that had been provided early in this daily session, my hunch is that market is building up liquidity to take later on London or the US Sessions. so in order to take Longs in this key level (1.10450 - 1.09623) the market must...

edmorcastones

EURUSD is still on an UPTREND position in the Daily, 4H, Weekly Timeframes. WEEKLY = IMPULSE LEG DAILY = IMPULSE LEG 4H = PULLBACK LEG Price now playing at the 4H PULLBACK making the 15min a downtrend for SHORT opportunities to take but take note as always the higher timeframe is still biased as UPTREND so taking a pullback is okay just as long as you know the...

edmorcastones

EU broke its previous HIGH at price level 1.10754 and reached the new price high 1.10954. Direction : NEUTRAL, even though EU is still on UPTREND on the current market range which is the 5 minute range,and also new highs given on 4H and DAILY. but given to its behaviour in this Asian Session, it produces multiple fails of confirmed entries at range 1.10954 to...

edmorcastones

EURUSD trend on the 4H and the Daily timeframe wants to go LONG If the current price breaks 1.09875 key level on 15MIN timeframe there is a chance to go long for eurusd up to target price 1.10760. after it breaks it needs to confirm on the lower time frame with 1MIN or 5MIN, in order to take the trade. hence if it the price breaks below 1.09638 price will look...