MMM LONG CYCLE: EURUSDBOOM! We just saw our L3 push. It's SUPER early in L3 and we'll know better when the market closes. This is to highlight the power of 3s. If you think like a retail trader you will get burned over and over again. We still have a ways to go before the price reaches 3x its average daily range. I do expect for EU to continue to rise for the rest of the week. If you are still holding, manage your trades accordingly and always use the DXY to gauge the direction in EU. Happy trading.
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MMM
MMM LONG CYCLE: EURUSDYesterday's close gave us a locked peak. We can now look for entries long. We currently have a bullish H4 harmonic. There is an outside structure pointing short, but I believe the bigger the move will be long. Looks for possible traps through the 200 EMA on the M15. Use the dxy to gauge direction on EU. Happy Trading
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MMM LONG CYCLE: EURUSDLast week we saw our EU short cycle play out. We are currently in L3 and have a short ways to go before reaching 3xADR. We are expecting EU to reverse and rise soon but we aren't looking to actually enter until have we have a locked peak to confirm our bias. Be patient.
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MMM Short Cycle: EUI'm looking at Friday as a peak reset. The count on EU hasn't been easy lately. When in doubt, sometimes it's best to be patient until the direction is shown. I'm looking for EU to continue down for at least one more push down. It is possible price will push up and trap through the 50EMA before dropping.
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MMM LONG Cycle: EURUSDOkay guys! My apologies for being MIA. Family first. My bias in long on EU. We saw some madness surrounding last weeks news but I am expecting EU to rise. We may see an opportunity for an entry during NY session. Maybe a trap through of the 50 EMA and rise from there but be cautious. There will be news. The daily is trending long and I'm also seeing a macro W on the H4. Do not force the trade if you are not willing to first accept the risk. I want to hear from you guys. Any feedback, comments or questions are gladly welcomed. Blessings
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MMM Long Cycle: EURUSDSorry for not getting this up sooner. Yesterday we saw some whipsaw action during the news. This could also be considered a board clearing move by the market makers in an attempt to clear all buyer and selles to reset the books. This also created a reset and a macro W. The daily trending long. I am now expecting EU to continue to rise next week. Use the DXY to gauge direction for EU. Trade strong. Have a great weekend!
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Buy opportunity on EURUSDToday we saw price come back and test the peak. From what we saw on the DXY, my EU bias is still short. Be cautious holding buys for too long without a break and retest of last weeks high. I'm not seeing anything that would lead me to believe we'll see a re-set but that doesn't mean it's not possible. The daily is showing what could possibly be the beginning of an uptrend. Learn to see the market both ways at all times and don't marry a bias. Keep an open mind and make sure you react to what the market gives and do not predict.
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Buy opportunity on EURUSDPer yesterdays close, the peak is officially locked and we can begin to look for opportunities long. There is the possibility that price could come back and text the peak which would put us in line with a mid-week reversal for wed. I'd be cautious with trading back toward the peak. The bigger grabs will be long.
EURUSDI hope everyone enjoyed the long weekend. This week I am looking for EU to trap through and reverse at one of the zones. The DXY will drive this movement. When the EU locks its peak low we will then look for opportunities long. I would be cautious in holding shorts for too long. Regardless of any analysis, we will play what the market gives. Always keep an open mind and see the market from both long and short perspectives.
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