MMM SHORT CYCLE: EURUSD
Updated
Hey guys! Hope you all had a great trading day.
Daily: Today we had a close showing early signs of an official downtrend.
H4: No Harmonics
H1: Today we saw a level 1 push and the 50 and the 13 EMA have crossing to officially lock the peak. London session gave a sweet opportunity to enter short with a clear rejection of the midway point of the Asian accumulation range. Before entering for the level two push, we want to see some time of trapping through the zone flip or 50 EMA. As a reminder resets are common in L2. Although we are favoring the short play keep an open mind. React to what the market does. Do not predict.
Remember to manage all trades in accordance with YOUR trading plan.
***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.
Daily: Today we had a close showing early signs of an official downtrend.
H4: No Harmonics
H1: Today we saw a level 1 push and the 50 and the 13 EMA have crossing to officially lock the peak. London session gave a sweet opportunity to enter short with a clear rejection of the midway point of the Asian accumulation range. Before entering for the level two push, we want to see some time of trapping through the zone flip or 50 EMA. As a reminder resets are common in L2. Although we are favoring the short play keep an open mind. React to what the market does. Do not predict.
Remember to manage all trades in accordance with YOUR trading plan.
***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.
Trade active
Hey guys!Just here to drop a quick update. The bearish cycle is playing out very nice! Congratulations to everyone who took a piece of the action. Today EU finished it's level 2 push. Right now it's sitting on a daily zone flip. We'll most likely see some sort of PB and possibly an opportunity to enter a short position for level 3. Respect the daiy zone flip. Keep an open mind and be prepared to trade both ways during London.
Manage trade accordingly.
Peace guys!
Trade closed: target reached
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