MMM CYCLE: EURUSD ANALYSIS
We're just under 3xadr and could see the peak form soon. The long cycle played out very nice. While it is safe to trade both ways in level in 3, in this situation, the safe play to wait for the peak to officially lock signaling shorts. There is a bearish harmonic on the H4 but no official peak. Remember to always use the DXY to gauge price movement on EU.
Timing is a big part of trading MMM successfully. If you're a London trader, try looking for entry between 3-6 am. A stop hunt/fake out usually takes place during the session open. Be patient and wait for it. If you are a NY trade, try looking for your entry between 9-11am. The same stop hunt rule still applies. Trade safe. Stay in control.
Feel free to comment or message me with questions and other opinions.
#thepowerof3s
#reactdontpredict
*PLEASE FULLY UNDERSTAND THE RISK OF TRADING BEFORE DOING SO*
Timing is a big part of trading MMM successfully. If you're a London trader, try looking for entry between 3-6 am. A stop hunt/fake out usually takes place during the session open. Be patient and wait for it. If you are a NY trade, try looking for your entry between 9-11am. The same stop hunt rule still applies. Trade safe. Stay in control.
Feel free to comment or message me with questions and other opinions.
#thepowerof3s
#reactdontpredict
*PLEASE FULLY UNDERSTAND THE RISK OF TRADING BEFORE DOING SO*
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