Marketmakermethod
MMM Long Cycle: EURUSDSorry for not getting this up sooner. Yesterday we saw some whipsaw action during the news. This could also be considered a board clearing move by the market makers in an attempt to clear all buyer and selles to reset the books. This also created a reset and a macro W. The daily trending long. I am now expecting EU to continue to rise next week. Use the DXY to gauge direction for EU. Trade strong. Have a great weekend!
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Buy opportunity on EURUSDToday we saw price come back and test the peak. From what we saw on the DXY, my EU bias is still short. Be cautious holding buys for too long without a break and retest of last weeks high. I'm not seeing anything that would lead me to believe we'll see a re-set but that doesn't mean it's not possible. The daily is showing what could possibly be the beginning of an uptrend. Learn to see the market both ways at all times and don't marry a bias. Keep an open mind and make sure you react to what the market gives and do not predict.
#thepowerof3s
#reactdontpredict
Buy opportunity on EURUSDPer yesterdays close, the peak is officially locked and we can begin to look for opportunities long. There is the possibility that price could come back and text the peak which would put us in line with a mid-week reversal for wed. I'd be cautious with trading back toward the peak. The bigger grabs will be long.
EURUSDI hope everyone enjoyed the long weekend. This week I am looking for EU to trap through and reverse at one of the zones. The DXY will drive this movement. When the EU locks its peak low we will then look for opportunities long. I would be cautious in holding shorts for too long. Regardless of any analysis, we will play what the market gives. Always keep an open mind and see the market from both long and short perspectives.
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Time To Drop Drop USDCADI have USDCAD dropping around the 1.33450-1.33600. I will be looking for a second leg M in this area with an engulfing candle. I will also look at the TDI to see if there is any divergence which will help confluence my trade idea. I will also be looking for an engulfing candle to happen with the second leg for me to take the trade.
USDCAD SHORTTérmino de los 5 ciclos alcistas y esperando rompimiento del bajo anterior para empezar a buscar operaciones en corto. En temporalidad de 1H hay una fractalización bajista lo cual nos da una confirmación adicional para poder pensar en operaciones de venta. Tomando en cuenta esa zona de rompimiento, buscaremos una entrada en un nivel psicológico.