We can see EA has had two pushes with return to accumulation. Last week we a stop hunt out of the accumulation that formed a big multisession "M". We now see a second stop hunt form another M on the lower time frame moves. We should see another push down to the Green take profit zone this week with a W and buys coming Q1 of next year!
GbpUsd has completed the push down after an extended stop hunt for to start the week which has also set up our beginning of week false move on Monday. We should see another decent push into the buy zone I am looking for to continue back up to this weeks high and possibly further going into next week. i do expected a very bullish start to 2021 for GbpUsd since...
We see GU has completed three level three day cycle now we should see a multi session M form for a good sell to end the week. Look for the M to form near the extended stop (red) box.
Quick move I'll be looking at tonight on GU. I am not completely against seeing it form a W and push up from this point but I do see us staying in the larger range and pushing down to the bottom of the range.
EurJpy on the monthly level is beginning a new trend because of this we should see EurJpy buy for the whole beginning of next year. Next week we will see the beginning of the week begin with a sell for a pullback on higher time frames but then we will end the week and month to the upside as the monthly candle closure will likely be above the most recent high.
A large volume of sellers are trapped at July 2020 lows - who will have a strong desire to exit when price comes back to them - giving us a long entry.
Trapped sellers (from 30m) inside a larger 4h zone - will have an urge to exit when price comes back to them - resulting in a long entry!
our EU has exhausted itself by performing its 3 swipes to the upside and reached its pivot point at 1174 it bounced back down to 1094 and created a new high which was made by the manipulaters to trick retail traders into thinking a breakout has occurred and that an uptrend will soon begin but the market was just forming the second leg to our double top (M) and...
Following up from the previous posts about the structure of AU, the upper bound ceiling mentioned in the previous post has held true to its form as a price zone of resistance.