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EURUSD Getting Ready to Reach for New Highs!ANALYSIS UPDATE (See linked Ideas) Building on previous ideas, we have tapped into the MTF demand and moving upwards but reached a block and currently retracing. (See "EU MTF Update: Bull Train Leaving the Station!" Linked Idea) We tapped the initial point of demand but were unable to break the top (Updated the demand level 2.5 pips in hindsight) (See "The EURUSD Buys are Strong!" Linked Idea) Looking at it again, another demand level was found nearby. Expecting the market to drop down into this level, accumulating the orders necessary to push the market to new highs. Willing to sell off the red dotted line and then buy once we get down to the level shown. Discussion welcomed! ✅ Like if you like! ✅ Comment your thoughts! ✅ Follow me here to see more ideas as things develop! ~Blessed Trading~
by x_2_4
3
EURUSD Reaccumulation Complete? LAST WEEK'S RECAP The week played out perfectly! Price came down into our LPS zone and turned, showing the support that we anticipated to finish off the reaccumulation pattern and allowing an entry at the bottom of the next bull run! LOOKING AHEAD I'm anticipating this demand zone to push price all the way to 1.23496, so it's a matter of enjoying the ride and looking out for available seats. Based on this level of analysis, we can anticipate the HTF supply level as done and bulls are in charge. Forgot to indicate the latest demand on this HTF chart previously but will update if there is anything of value to add on the weekly level or above. Looking at what we have right now, a disciplined trader would wait for a pullback to at least the green line and find an entry off the order block. I am not always that trader... I might sell above the red line if a trade shows itself. Housekeeping: Black Charts! Haven't decided if I like black or white background more... ✅ Like if you like! ✅ Comment your thoughts! ✅ Follow me here to see more ideas as things develop! ~Blessed Trading~
Long
by x_2_4
EU MTF Update: Bull Train Leaving the Station!The market reacted to the HTF (dashed) demand zone and had a strong run upward into the supply zone. Within this run, HTF demand was updated and price reacted to it, pushing price to new highs and deeper into the supply zone. It's difficult to say whether there is any supply left to turn the trend around. It seems likely the market will continue its bull run into the liquidity above. Waiting to catch the train on a pullback into the current MTF demand zone. Next stop: Liquidity! ~Blessed Trading~
Long
by x_2_4
1
HTF Update: EU Uptrend Healthy?Markets are currently in an uptrend, continuing the move at the start of April 2021 after reaccumulating from August through November 2020. Looking at the supply that was tapped into in January earlier this year, price is not showing much sensitivity to the updated supply level. Therefore, expecting the market to continue rising, seeking the liquidity above the high. Typically, would want to see the high at 1.23496 broken to confirm new structure but as soon as the supply level has failed, expecting the low at 1.17042 will hold towards new highs. ~Blessed Trading~
Long
by x_2_4
2