Black_Card_Movement

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After a week long of consolidation we finally have a violation of a momentum line, a demand zone flipped the SSR level.

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We have a sasfe qml that coincides with an already existing trendline making ait a safe trade

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EURUSD is testing our weekly demand zone for the second time. Divergence in 4hr is giving us exhaustion signals. a breakout we will look for a newly formed demand zone to enter long

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price is ranging on a supply zone, a violation would validate our demand zone further. There is some liquidity engineering as an FV1 can be seen

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price spent quit sometime at the qml level but it gave us a good 2ERC IMBALANCE. This is tied to a 79% retacement plus divergence

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our last week forecast is going exactly. this week will be a continuation of the downward movement

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this will usher us into a deep retracement to the 1840 to 1800 level where will start looking for longs

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we are looking to go long on our counter trade to take us to our sell zone

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we are looking areas to be shorting GBPNZD as we are in a weekly tf down movement

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with a weak pound we expect more shorts to our nested demand zone for buys to our high liquid supply area

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we still have bearish sentiment on EU but we but EU did a liquidity grab as the candle did not close below the previous swing low. so we will monitor price action to assess if sells are still valid

Black_Card_Movement

looking for down movements when we reach the failure to return setup

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we have huge bullish rejection on higher tfs looking for continued bullishness

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DXY looks like its trapped in a compressive structure which can only be invalidated by violation of the 95.00 level. so far the divergence is playing out we just need a break in structure to be fully bearish

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the market is compressing towards our quasimodo setup

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we are waiting for a violation of the demand zone above to have the rally towards our qml level

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we have created a failure swing and we are yet see a BoS for us to gain shorting momentum

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GU is on a burned out zone leading to a pile up in liquidity above the zone.