EURUSD - Business Cycle
The EU Business Cycle mapped.
EU completed their range and shifted zones at the beginning of 2017. Prior to the shift, a 100 point Stop Hunt was performed and cleared the board. Impulsive reversal is noted and corrected range of 1000 points + 1000 point extension for 2018. Overall Business Cycle year on year range is 1000 points. End of Q2, 2018 shows clear reversal zone with a 150 point Stop Hunt at the top of the range. Current Business Cycle has shifted to the median range. This is viewable as the magenta box. Current trend is a confluence of 200/800 EMA's, Time Cycle, and Yearly Range Data. Expectation is for EU to range inside the Business Cycle Box leading to the end of the year, Nov. - Dec 2018. Current Trend is Bearish-Sideways. In this point of the market we can look to the crosses for trade setups.
EU completed their range and shifted zones at the beginning of 2017. Prior to the shift, a 100 point Stop Hunt was performed and cleared the board. Impulsive reversal is noted and corrected range of 1000 points + 1000 point extension for 2018. Overall Business Cycle year on year range is 1000 points. End of Q2, 2018 shows clear reversal zone with a 150 point Stop Hunt at the top of the range. Current Business Cycle has shifted to the median range. This is viewable as the magenta box. Current trend is a confluence of 200/800 EMA's, Time Cycle, and Yearly Range Data. Expectation is for EU to range inside the Business Cycle Box leading to the end of the year, Nov. - Dec 2018. Current Trend is Bearish-Sideways. In this point of the market we can look to the crosses for trade setups.
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