EURUSD: Is the bearish pullback finished?
Updated
Hey guys, hope you are all well.
The outlook for the week is overall bullish. Looking for buys from the respective demand zones. Utilizing Multi-Time Frame analysis, we can see:
Weekly
Swing Bearish, Internal Bearish
The recent bullish PA was to facilitate the internal pullback into the weekly POI. I am aware that the weekly zone has not been mitigated and we could have a potential deeper pullback to mitigate the POI.
Daily
Swing Bearish, Internal Bullish
We reacted off of the flip zone to facilitate the internal pullback, idea is to continue playing the internal pullback to mitigate the weekly POI.
4H
Swing Bullish, Internal Bullish, ii-Bullish
Now before I get flooded with the "What does ii-Bullish mean slim?" Let me answer you; It's the internal of the internal. Since we have full alignment, it makes sense to look for longs to play the HTF intentions.
1H
Swing Bullish, Internal Bullish, ii-Bearish, iii-Bullish
Looking to now play the swing run from the POI that has inducement in front of it. The iii-structure may be bullish, but there is a likelihood that it may serve as inducement for lower prices to then fuel the expected bullish momentum.
Phew, that was a crap load of typing lol, hope you guys found some value from this. Don't forget to drop a boost and follow for more ideas like this! (Or else I'll track you down :] )
Happy Hunting!
The outlook for the week is overall bullish. Looking for buys from the respective demand zones. Utilizing Multi-Time Frame analysis, we can see:
Weekly
Swing Bearish, Internal Bearish
The recent bullish PA was to facilitate the internal pullback into the weekly POI. I am aware that the weekly zone has not been mitigated and we could have a potential deeper pullback to mitigate the POI.
Daily
Swing Bearish, Internal Bullish
We reacted off of the flip zone to facilitate the internal pullback, idea is to continue playing the internal pullback to mitigate the weekly POI.
4H
Swing Bullish, Internal Bullish, ii-Bullish
Now before I get flooded with the "What does ii-Bullish mean slim?" Let me answer you; It's the internal of the internal. Since we have full alignment, it makes sense to look for longs to play the HTF intentions.
1H
Swing Bullish, Internal Bullish, ii-Bearish, iii-Bullish
Looking to now play the swing run from the POI that has inducement in front of it. The iii-structure may be bullish, but there is a likelihood that it may serve as inducement for lower prices to then fuel the expected bullish momentum.
Phew, that was a crap load of typing lol, hope you guys found some value from this. Don't forget to drop a boost and follow for more ideas like this! (Or else I'll track you down :] )
Happy Hunting!
Note
Buy Limit set at 1.06714s3.tradingview.com/snapshots/u/u3I6Ti9w.png
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