EURUSD MORNING FORECASTGood morning everyone, looking at EURUSD this morning and here is my forecast for EURUSD so basically on the Daily and Weekly timeframe, everything is pretty much the same as in my yesterday video, then moving into the 4hr I have a 4hr supply above which is looking good for shorts once price comes into it though, price is still in the discounted leg of that pricing so taking sell from there might not be the best, but yeah we just react to what the market provides to us. Now. going into the 15 mins timeframe, looking at this we created a new lower low yesterday and whenever price create a lower low you'll always need to expect a pull back, which is currently happening but before I'll take any longs I'll love to see a Change of Character (CHoCH) on the 15 mins, you can watch my previous video for clarity on what CHoCH is. Though on the 15mins I have specific Supply zones marked out which I might take short from them if price get to them, and once we have a CHoCH on the 15 mins I'll markup my specific Demands to go long, and please a bit of advice to everyone out there don't stare at your screens all day trying to foce a trade just set your alert and go do something else, If it doesn't fit your plan don't trade it, it's better to preserve your capital than take a loss that doesn't fit your plan, and also don't just set of limit of my zones I marked out here, please do your reasearch make sure you know what you're dealing with and you're ready to accept the risk, I basically just post my analysis for educational purposes.
NB: If I have any new zones marked out I'll be sure to leave an update under the idea.
Chibuforex
EURUSD WEEKLY FORECASTHey, what's going on guys, it's Chibuforex right here, so basically this is my very first video which also in the long run, I'll keep on posting videos right here every week, and I'll also be dropping my daily forecast, and also drop a recap of trades I took during the day, and please don't forget to like and share my analysis. So basically for this current week looking at EURUSD from the weekly, down to the 4hours time frame we're bearish and supply is basically in control, but going into the 15 minutes timeframe we just saw that Demand is in control and we're also bullish on the 15 minutes timeframe, and you need to ask yourself why is that happening? The answer is simple the market is fractal it might basically just be turning bullish to mitigate something on the higher timefram and continue bearish back, or it's basically turning bullish to start breaking all time highs on all the timeframes well as I always say we're not the market movers we're just a speculator in the market looking to make some bag out of the market and get out, so basically you just have to react to what the market gives to you and trade of it.
EURUSD AnalysisWhenever I approach the markets in the morning I always ask myself, "Who is in control".
Currently as it stand from the weekly timeframe, down to the hourly timeframe, supply is in control. And currently on the 15 minutes time frame demand seems to be in control of the markets, and why is that, the answer is simple it's more likely building liquidity to balance price on the bigger timeframes then supply comes back in control on the 15 minutes.As I'll always say the market is fractal meaning anything that's going to happen on the higher timedrame will actually begin from the seconds timeframe e.t.c. So lets see what oppoutunity the market has to provide for us this morning, and NB: this is just my own view off the market and please don't soley rely on it please, and please do your own personal research before jumping into any conclusions. And my entry criteria is based on the 1 minutes timeframe, and I'll be sure to share them here also. Peace out.
Please don't forget to leave a like, and also comment under what your view on the market is, and also give me a follow on here to get more daily content like this every morning before london open on EURUSD.
#Chibuforex.
DXY ANALYSISOn my last post i mentioned DXY should drop to that trend and during that drop USD should be weak which actually played out i took advantage of it caught a buy on EURUSD and a sell on USDCAD so now i expect DXY to gain strength so USD should become strong now And i also have a setup for EURUSD sell which is a good correlation EURUSD setup in my next post