Short

EU Bearish, Today is the day we fall [NEWS] [Explained]

Updated

Based on the chart, you can notice color's at the bottom! These represent the Quartely Theory, which fits perfectly with what we see.

We have AMDX
A: Q1, we see Accumulation [Q1]
M: Manipulation, we see highs that will form [Q2]
D: Distribution, Where we reverse from the HTF PDA formed by Q2 [Q3]
X: Continuation or reversal. Since this could be a reversal, we could still go bullish, but if we look at DXY, we see it reacting very slowly to that trend line (Trend lines are meant to be broken if you see them). And since we have News that forecasts bad for the USD, this is a golden opportunity for banks to trick everyone! [X is Q4]

Concerns: You see my SL? I fear that it could also be liquidity. Fear of my SL being taken as Liquidity because, as we see, we have two liquidities. One is where my entry is, and one is slightly below my SL.

Let's talk about TP; TP is below the Accumulation zone; always remember. Candles take stairs to go up and an elevator to go down!

You have to think like banks if you want to profit
Risking 1% [500$],

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I mean we did waterfall without liquidity. Weird, Sell limit did not trigger so we'll watch it out

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Oh yeah news, EUR Inflation rate. Waiting patiently

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Buyside Liquidity sweeped. Time for sell side liquidity.
With this volume in London, we know today gonna be big in NY session.
Might put Entry where SL is and SL where i mentioned the above liquidity is. Waiting for NY session

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Did we miss the trade? Probably. Going back up all the way would only mean we are bullish. I guess Neither liquidities got taken! We learn from these misses no issues.
Looking at GU for now since it did not get that affected by the EUR News

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EU Hit TP and missed the trade, we'll learn better for the next time. In a sell for GU currently, Entered a sell at 1.26965 and currently 732$ in profit. I will add more lots in NY session.

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SL to BE for GBPUSD, Currently floating profit.
I need to see some consolidation for GU for another entry. I expect to happen when DXY Hits 103.27. When this happens, people will think its time to sell DXY and thats when i will buy more. Market will show people signs of weakness so that the buyers take their profit, and the sellers sell. This is when the news will happen and the big move will occur. Stay alert to that!

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We have reached the consolidation part for DXY. Time to give newbies hope of sells. Now we wait

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As expected, Sellers of DXY got taken away.
Now it will happen again & again until news.

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103.27 is the real fakery. Watch how DXY will reject from there and start forming double tops... etc.
Trying to get people to sell it.

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NY News just hit, I expected more volume to be honest but the news as i said.
Let me quote myself:
"since we have News that forecasts bad for the USD, this is a golden opportunity for banks to trick everyone!"

GU at 1300 in profit. 1000 to go and Phase 1 is over. Keep you posted.

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Ladies & Gentlemen. Phase 1 HIT! Added with selling 3 lots at 1.26477 and i closed all the positions of GU at 1.26328 with profit of almost 2400$
By that, i have finished Phase 1 FTMO

Trade closed: target reached

Alhamdullilah always

Nanoplexx

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