MMM SHORT CYCLE: EURUSDWe saw our long cycle play out beautifully to finish the week last week. Although the daily is trending long, we see price hanging at a daily flip zone. We're beyond 3xADR and also see a level 3 peak that has formed. We're looking for EU to continue short. We look for entries at the start of both the London and NY sessions. Manage trades accordingly. Happy trading.
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MMM LONG CYCLE: EURUSDWe had a beautiful cycle play out long after the reset. Three clear pushes. We just under 3xadr. Today is Friday and since there isn't much news the market could very very slow for the day. Remember, the best times to enter are AFTER the stop hunt at the beginning of both the London and New York sessions with a nameable (M/W/H&S) pattern. That's it for this week guys. Feel free to message me with questions, comments, and feedback. Happy trading & have a great weekend.
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MMM CYCLE: EURUSD ANALYSISWe're just under 3xadr and could see the peak form soon. The long cycle played out very nice. While it is safe to trade both ways in level in 3, in this situation, the safe play to wait for the peak to officially lock signaling shorts. There is a bearish harmonic on the H4 but no official peak. Remember to always use the DXY to gauge price movement on EU.
Timing is a big part of trading MMM successfully. If you're a London trader, try looking for entry between 3-6 am. A stop hunt/fake out usually takes place during the session open. Be patient and wait for it. If you are a NY trade, try looking for your entry between 9-11am. The same stop hunt rule still applies. Trade safe. Stay in control.
Feel free to comment or message me with questions and other opinions.
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*PLEASE FULLY UNDERSTAND THE RISK OF TRADING BEFORE DOING SO*
MMM SHORT CYCLE: EURUSDHey guys. We didn't get the L3 extension we were expecting. It's starting to look like EU may be ready to start the reversal into the next cycle. Although we didn't get the 50 pip close away from daily open to officially lock the peak high, we still have to respect the structure to the leaf as the peak. Price and been showing level 3 behavior with the last days just chopping around. We aslo have a bearish harmonic on the H4. Id say be ready to trade both ways but I think I am now favoring the short here. We do have a flip zone just below so the MM could still push for that extention long. Let's see what kind of pattern we get during London. Be alert. Happy Trading.
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MMM LONG CYCLE: EURUSDHey guys! I hope everyone had a great weekend. Often times in level 3, we see the MMs extend before setting the peak for reversal. This extension is what creates 3x the pair's average daily range. To begin the week we are looking for the MMs to continue to push the price up in EU while dropping the price in the DXY. Don't be in a rush to jump into the market. Tomorrow is only Monday. Remember, we don't predict the market. We react. Wishing everyone a great trading week! Happy trading!
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MMM LONG CYCLE: EURUSDBOOM! We just saw our L3 push. It's SUPER early in L3 and we'll know better when the market closes. This is to highlight the power of 3s. If you think like a retail trader you will get burned over and over again. We still have a ways to go before the price reaches 3x its average daily range. I do expect for EU to continue to rise for the rest of the week. If you are still holding, manage your trades accordingly and always use the DXY to gauge the direction in EU. Happy trading.
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MMM LONG CYCLE: EURUSDYesterday's close gave us a locked peak. We can now look for entries long. We currently have a bullish H4 harmonic. There is an outside structure pointing short, but I believe the bigger the move will be long. Looks for possible traps through the 200 EMA on the M15. Use the dxy to gauge direction on EU. Happy Trading
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MMM LONG CYCLE: EURUSDLast week we saw our EU short cycle play out. We are currently in L3 and have a short ways to go before reaching 3xADR. We are expecting EU to reverse and rise soon but we aren't looking to actually enter until have we have a locked peak to confirm our bias. Be patient.
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MMM Short Cycle: EUI'm looking at Friday as a peak reset. The count on EU hasn't been easy lately. When in doubt, sometimes it's best to be patient until the direction is shown. I'm looking for EU to continue down for at least one more push down. It is possible price will push up and trap through the 50EMA before dropping.
#thepowerof3s
#reactdontpredict