EURUSD
March 23 weekly review
Second week Price wicks up to the.79 on the weekly parent range. Price took the equal highs barely.
Same as the DXY, EUR has been in a narrow tight trading range which I noted last week. Price did push up taking buy stops from March 11 and into the lower 1/4 of the Monthly SIBI. Price creates more equal highs on Tuesday.
Price starts the week in a Premium in a consolidation pattern from Fridays close. Monday rallies previous Wednesdays high creating a equal high, retraces and sets up Tuesday to make the high of the week taking last weeks buy side. Wednesday starts the sell off from Premium to the 50 level and Thursday sells off small retracement then creates equal lows. Friday in a discount takes minor buy side to then take equal lows from March 10 to close in a discount on the current trading range.
*Note last week and this week Tuesday made the high and then this week Price took last week highs on Tuesday. I have heard Tuesday makes the high or the low of the week.
*Note from session to session how Price engineers in equal highs and lows to then take the next session or trading day.
March 23 weekly review
Second week Price wicks up to the.79 on the weekly parent range. Price took the equal highs barely.
Same as the DXY, EUR has been in a narrow tight trading range which I noted last week. Price did push up taking buy stops from March 11 and into the lower 1/4 of the Monthly SIBI. Price creates more equal highs on Tuesday.
Price starts the week in a Premium in a consolidation pattern from Fridays close. Monday rallies previous Wednesdays high creating a equal high, retraces and sets up Tuesday to make the high of the week taking last weeks buy side. Wednesday starts the sell off from Premium to the 50 level and Thursday sells off small retracement then creates equal lows. Friday in a discount takes minor buy side to then take equal lows from March 10 to close in a discount on the current trading range.
*Note last week and this week Tuesday made the high and then this week Price took last week highs on Tuesday. I have heard Tuesday makes the high or the low of the week.
*Note from session to session how Price engineers in equal highs and lows to then take the next session or trading day.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.