Current Buyers Incentive must be taken out in the case we go into the year bearish. At the current moment we are consolidating in the market but I am seeing a good news event to provide enough excuse to move towards the inefficiency on lower price action to take out current high. Intraday trade outlook.
For the long term I can see another expansion occurring hence why so many sellers are being taken out as we speak. Since we hit a huge supply zone in September 1, 2020 we have been in "consolidating" but truly have been in a re-accumulation stage to expand in taking out highs and reaching 50% of an imbalance that is long overdue. Will hold myself accountable to...
FX:EURUSD Saturday Chart Analysis Welcome all you data enthusiasts, this is my bias for the week to come. November 8-13, 2020 I am predicting a correction before and impulse to occur. I have three opinions for what might occur in the pair come market open. Have a wonderful weekend fellow humans.
Bias was correct for yesterday and wish to continue the correction before the buying bias. In the case we break past the supply on the daily marked by the last arrow I would like to hold sells. However in the case we reject nicely with incentive I will automatically move with the bulls. Looking for one last sell for the week. Lets see what the market has to offer
Bias for going long has been held temporarily due to structure on the daily time frame showing weakness on the bulls. A lot of time has gone by in consolidation to give us a hint of a big move to the down side to occur. This is if we move upward past liquidity marked up to then move downward to 50% of the fib on the weekly. London will be revisited, that is the bias.
Hello again this is Mr. Alvarenga with the bias for the week. I see us continuing heading towards the upside or potentially making a leg for the bears to the down side. Ultimately looking for long term bullish entries.
For the the week of 18-23 October i see us being in a correction then go into an impulse for the the long term
-EURUSD The bias to go long is due to the break of structure in the 1.16846 Level. Seeing as accumulation occurred in lower time frames September 24, 2020 and followed by a liquidity grab by the composite man/Bank/Financial Institutions Etc. the following trading day on Sep 25, 2020. Continuation is evident in the price action that is presented as it has respected...
EUR/USD seems to have targets in higher price action to then go bearish to continue the down trend on bigger time frames. This is a broad outlook on the pair. Have a great week.
Market structure is consolidating on bigger time frames which gives a good reference to the institutional market makers to allow the masses being the public to form their opinion. Evidence from the market that is presented by the candles and wychs suggest that price has been oversold and will begin on a small downtrend to then add money into the market to push all...
Dxy is being market by the green line as most likely key area for a entry and orange as possible entries. Baby Blue is the take profit.
Looking for a bullish pull back on EurUsd to then target yearly imbalance. Wedged a 2.4 pip stop loss and aiming fo 50 pips. Liquidity is my target.
Two buying positions on the Forex Market due to previous analysis on Dxy and looking for it to push the pair EUR/USD bearish to then go bullish
Dxy seems to want to metigate to the green line marked on the graph and potential targets are in the purple area. Over all just a broad analysis on the dollar to see how it can affect the market overnight.
Red box at price level 1.09711 is a Gap in the market, could potentially see the market head towards that direction for the week. Dollar signs at 1.08759 and 1.08941 are points of liquidity Just keeping an eye on EUR/USD Dxy analysis will follow in the next few hours