10/06/22 EurUsd 1h AnalysisEurUsd created a peak formation Low and has played out a multi-session W pattern with heavy divergence on the TDI. Market price has now shifted from Bearish to Bullish and price rose from Peak Formation to Level 1 and did its first Stop hunt low to the 50ema on Friday which also coincides with the 1.05000 zone. Meaning this pair could either drop to the 1.03500 zone to create a 22 trade (2nd leg on the 2nd leg) or price action will follow the regular market movement and continue with its Bullish cycle. On Forex Factory there is news for Monday that will be good for the Eur currency.
Btmm
19/06/22 UsdCad 1h AnalysisUsdCad has been extremely Bullish for the entire week and price even surpassed the 1.29750 zone, while price surpassed the 1.29750 zone and rose all the way to the 1.30500 zone, it has also surpassed the x1 Average Daily Range, meaning it is busy creating the Peak Formation High, the ADR for UsdCad is 105 pips and on Friday it was 110 pips, exceeding the ADR. We are now expecting the price to create a Bearish structure whether it be a Head 'n Shoulders or a Multi-Session M which could play out over a few days. Suspect price to create a Lower-High on the 2nd leg on the Multi-M.
beat the market maker with some guts As i see here we have our bias down in bigger TFs so basically its down trending market and we sell the down trending market everytime the price comes at a certain heigh. We know the rules, accumulation/manupulation stophunt and then a level/drive/profit release etc. i am a learner so i am open to correction