MMM CYCLE SHORT: EURUSD
Happy New Year!! I hope you all had a wonderful and safe holiday! Let us get right to it!
Today price closed about pips from where it opened locking the peak short. We also have the EMAs crossing short on the H1 along with stacked 3s in level 3. This is a good indication price is ready to reverse. The daily gave us a nice close and is showing clear trapped volume back toward the weekly high. We will be looking for entries short during London. Price trapping through and bounce off of the water would be ideal. It is possible price may come back to test the peak high creating a multisession M. Be cautious taking long positions back toward the peak. Remember to always use the DXY to gauge price action in EU. Manage accordingly.
Wishing you all major profits in 2020!
Disclaimer!
This information provided is not to be taken as a trade signal. Trends and analysis can change at any time.
Would love to hear from you guys. If you happen to use the projection provided for your next trade feel free to message me with questions and updates.
t.me/royaltyelite
Today price closed about pips from where it opened locking the peak short. We also have the EMAs crossing short on the H1 along with stacked 3s in level 3. This is a good indication price is ready to reverse. The daily gave us a nice close and is showing clear trapped volume back toward the weekly high. We will be looking for entries short during London. Price trapping through and bounce off of the water would be ideal. It is possible price may come back to test the peak high creating a multisession M. Be cautious taking long positions back toward the peak. Remember to always use the DXY to gauge price action in EU. Manage accordingly.
Wishing you all major profits in 2020!
Disclaimer!
This information provided is not to be taken as a trade signal. Trends and analysis can change at any time.
Would love to hear from you guys. If you happen to use the projection provided for your next trade feel free to message me with questions and updates.
t.me/royaltyelite
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.