What Happened Eurusd? 📻 CPI Fails as Bullish Catalyst
Updated
What happened EU?
0:0 Monthly timeframe
1:03 Weekly timeframe
2:59 Daily timefraem & CPI talks
6:20 Simplify your T.A.
7:26 4hr timeframe
9:53 1hr timeframe
Bulls Failed at 1.1025 Weekly resistance Key Level! CPI was not the catalyst and the brave warrior to save the princess from the high tower.
When CPI moves we really move, and so not only did we fail to hold above 1.1025 weekly key level after an intial 34 pips spike with CPI, we also dropped back down on the daily candle to the open price. Observing the daily candle we can see a much larger top wick than a body on the candle. After completing a fakeout 2 weeks ago when the weekly candle closed back below 1.1025 weekly key level, this level has since acted like the greek god Zues. Nothing can stop it from getting it's way! Not NFP last week and Not CPI this week! Using this reasoning how can I not look for some short opportunities to end the week?? idk we'll see have a safe rest of the trading week. risk management is the real zeus let's be honest.
0:0 Monthly timeframe
1:03 Weekly timeframe
2:59 Daily timefraem & CPI talks
6:20 Simplify your T.A.
7:26 4hr timeframe
9:53 1hr timeframe
Bulls Failed at 1.1025 Weekly resistance Key Level! CPI was not the catalyst and the brave warrior to save the princess from the high tower.
When CPI moves we really move, and so not only did we fail to hold above 1.1025 weekly key level after an intial 34 pips spike with CPI, we also dropped back down on the daily candle to the open price. Observing the daily candle we can see a much larger top wick than a body on the candle. After completing a fakeout 2 weeks ago when the weekly candle closed back below 1.1025 weekly key level, this level has since acted like the greek god Zues. Nothing can stop it from getting it's way! Not NFP last week and Not CPI this week! Using this reasoning how can I not look for some short opportunities to end the week?? idk we'll see have a safe rest of the trading week. risk management is the real zeus let's be honest.
Trade active
Eurusd is moving lower as the 4hr candle just closed a bearish engulfing candle. This happened as price respected our 1hr zone 1.0995 1hr zone that we drew up 8 hours ago. this suggests that the next 4hr candle will be bearish and continue momentum lower We've laready done a retest of previous structure as I had pointed out around 1.0979 previous structure after the news 4hr has formed 40 minutes ago where I go in a position Trade closed: target reached
1.09469 has been Dail Zone has been reachedNote
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