Euro / U.S. DollarShort
EUR/USD: PAT + VPA 9/22/2024
Updated
Good day,
Today, we're diving into EUR/US once again, and let me tell you, last week's strategy hit the nail on the head.
This week, the 4-hour chart is indicating a potential "Selling Climax." A glance at the daily reveals several bearish pin bars. The 4-hour has tightened from a broad range into a narrow internal range, which I refer to as "Market Submission." Prices have stalled, and traders are showing signs of fatigue. The market has consistently failed to break above 1.11679 (1.117), creating a solid evening star pattern.
The 1H timeframe is indicating a potential reversal as it navigates through multiple strong lows within a fixed range. While selling pressure is apparent, it hasn't yet managed to drive prices down to the internal low of 1.11174 (1.1120). I'm anticipating that this period will break that low following a retest of 1.11788 (1.118), as we find ourselves in the territory of a "Doji," or what I refer to as "Indecision Bars."
Appreciate your efforts, stay sharp in your trades, and show kindness to all on their trading path! Best,The Pip Assassin!
EURUSD 
DXY
Today, we're diving into EUR/US once again, and let me tell you, last week's strategy hit the nail on the head.
This week, the 4-hour chart is indicating a potential "Selling Climax." A glance at the daily reveals several bearish pin bars. The 4-hour has tightened from a broad range into a narrow internal range, which I refer to as "Market Submission." Prices have stalled, and traders are showing signs of fatigue. The market has consistently failed to break above 1.11679 (1.117), creating a solid evening star pattern.
The 1H timeframe is indicating a potential reversal as it navigates through multiple strong lows within a fixed range. While selling pressure is apparent, it hasn't yet managed to drive prices down to the internal low of 1.11174 (1.1120). I'm anticipating that this period will break that low following a retest of 1.11788 (1.118), as we find ourselves in the territory of a "Doji," or what I refer to as "Indecision Bars."
Appreciate your efforts, stay sharp in your trades, and show kindness to all on their trading path! Best,
EURUSD DXY Trade closed: target reached
Perfectly executed!
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