EU
Selling Eur/Usd - Target @ 1.195- The trend line is the monthly downtrend that was broken at the end of July, 2020. Price moved nearly 750 pips from that point.
- Price reached the monthly resistance and has since corrected back from that zone.
- Moving averages have crossed signalling trend change.
- Price has created a new lower high last week and a new low earlier this week also signalling trend change.
- Price has retraced back to retest the previous lows at the 50% - 61.8% retracement zone, which also had significant reactions twice back in December.
- The retest is also testing the neckline of a sloppy head and shoulders pattern that did break out for a nice leg down.
- Target will be in the 50% - 61.8% retracement zone from the leg up off the monthly trend line break to the monthly resistance zone.
EU Smart Money/Fibonacci SetupThe 4H Chart shows a double bottom that took a crap ton of liquidity with a strong sell. That's the POI (Point of Interest) I have marked. I'm also using it as my tp, or where ill take partials. As the chart shows, the 88.6 lines up perfectly with the sniper, or where there was a failed retest of the engulfed candle (SNIPER).
I presume price will make its way down there next week. maybe get there Friday before or when the market closes, but it's a move I'm definitely looking to take.
@MonaySess
EU Smart Money/Fibonacci SetupThis is my first video shoutout: @MonaySess my EU buddy lol
She saw this setup and sent it to me. I saw the 1m sniper setup, but I ultimately want to take this buy. The only way I can see EU selling is a break of structure on the 4h or higher timeframe.
But yeah like I said in the video, any questions you can drop a comment. But lmk what yall think :)
Catch Pips :)
I really don't like talking thru videos but hey, gotta do what u gotta do
Analysis EU Sunday Opening Hello traders, I am showing you all possible entries. Catching small entries are good and safe from the opening of the market. I gave at least 3 entries on the 1 hour timeframe. Look at entry 2, Always enter at the right shoulders only if you miss your early entry on the high(just in case). If EU stop at that high, it will indicating that EU had made a bottom top on a higher timeframe. Is it that not beautiful lol? It make sense. So what I'm saying is don't see what you want, see what you see in the market basically. If you don't see, don't trade it. No patterns, Don't trade. Thank you for reading! Enjoy!
Analysis EUHello traders, Sorry been busy with my personal life. I'm back and better for the great time on the road. So EU is indicating to me that it would be selling from the divergence on the RSI and the candles on the chart. However it looks like the candles had also made an higher structure. So therefore, when looking at week timeframe to the left as I can see there is the bank institutional candle which the bank will be back in positive numbers even more.
I did provide entries and targets. Use your fib to the target area and buy from there. I also will be posting the buy entry will soon as soon as I see the retracement forming. Y'all have a nice day! Thank you for reading!