EURUSD Analysis - Continuous, Just as the Markets !

Updated

This is a Thread, so Follow for Technical Analysis performed with TrapZone Pro & UMVD Indicators.

* Trend is Based on TrapZone Color
* Bar Colors give us Momentum Green from strong Up Moves. Red Bars point to strong Down Moves.
* Red UMVD = Selling Pressure & Green UMVD = Buying Pressure. Purple is for Divergence = Battle of Supply & Demand

--------------------

1-19-2024
GREEN UMVD pushing the price UP with a strong RED TrapZone at the moment.
See higher Time Frame Analysis below

Note

Hourly Chart - Gray Bars Under RED TrapZone. Divergence forming on UMVD,

Note

Daily Candle Chart - GRAY Bar Over RED TrapZone with Divergent UMVD. Mostly wait and watch here.

Note

RED UMVD means selling, its stalling the price moves. We still have green TrapZone so ...

Note

GREEN Take it !

Note

Intraday Latest - GREEN UMVD pushed the prices higher. TrapZone is RED!

Note

Latest - Buyers may be trapped - if we keep getting RED UMVD and price gets stuck under RED TrapZone again

Note

RED UMVD came back at the tail end of the session to pull the prices down. RED TrapZone Still in Place, will these Buyers be Trapped ?

Note

Hourly Check In - Clear down trend with RED TrapZone Look at the last bar RED bars may come in if we have RED UMVD after the current divergence.

Note

Latest Intraday

Note

Latest Intraday

Note

Side By Side Analysis - Very sensitive to short term (Renko) UMVD

Note

Sideways at the moment. Watch for Change of GRAY Bars to RED for a downside continuation. Another Class A entry might be in the future :)

Note

Hope you saw the class A entry LONG. Buyers have changed the trend for now. Gray Bars at the moment.

Note

TrapZone Pro & UMVD are unique. See for your self. Class A & B Entries Clear as Day. You know when Buyers took control and when selling started.
Up Trend Intact

Note

Hourly Technical Analysis Check In
Down trend has resumed with Angle 4 forming with RED UMVD. Next support will be 1.0696 unless we break over angle 4 and start traveling to new highs/ angle 3

Note

Bit zoomed out version of the same chart

Note

Latest

SnowflakeTrader

Visit snowflaketrader.com to get access to Free & Premium resources for Traders

Email : support@snowflaketrader.com
WhatsApp (Messages Only) : +1 341 345 8266
Discord : snowflaketrader

Also on:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.