EURUSD - ECB Rate Decision - Long setup
Cypher pattern on daily tf.
Filled long in Asian session respectiong the pattern.
Looking to add more around the flat bottom of ichi cloud (traditional one last FU move before the squeeze)
Target: Flat top, ~ 0.382 fib. retrace.
Notice: Flat Top/Bottom Kumos
The flat top or bottom that is often observed in the kumo is key to understanding one piece of the kumo's "equilibrium
equation". Just like the "rubber band effect" that a flat kijun sen can exert on price, a flat Senkou span B can act in the
same way, attracting price that is in close proximity. The reason for this is simple: a flat Senkou span B represents the
midpoint of a trendless price situation over the prior 52 periods - price equilibrium. Since price always seeks to return
to equilibrium, and the flat Senkou span B is such a strong expression of this equilibrium, it becomes an equally strong
attractor of price.
Filled long in Asian session respectiong the pattern.
Looking to add more around the flat bottom of ichi cloud (traditional one last FU move before the squeeze)
Target: Flat top, ~ 0.382 fib. retrace.
Notice: Flat Top/Bottom Kumos
The flat top or bottom that is often observed in the kumo is key to understanding one piece of the kumo's "equilibrium
equation". Just like the "rubber band effect" that a flat kijun sen can exert on price, a flat Senkou span B can act in the
same way, attracting price that is in close proximity. The reason for this is simple: a flat Senkou span B represents the
midpoint of a trendless price situation over the prior 52 periods - price equilibrium. Since price always seeks to return
to equilibrium, and the flat Senkou span B is such a strong expression of this equilibrium, it becomes an equally strong
attractor of price.
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