exactly as projected going for level 2 of 1 hour cycle (EURUSD) EURUSD broke HOD, and now going for level 2 of 1 hour cycle with 3 levels of 15 min cycle (we are currently at level 2 and might get a retrace then level 3 (15 min cycle)) + market maker is accumulation for a long time and today's stop hunt low with type 1 london pattern was a easy trade
Eurusdlong
EURUSD projection update (Potential retrace to 1 hour 50 ema)EURUSD projection UPDATE - we have completed 1 cycle of 15 min or 1 level of 1 hour cycle (now going to 15 min 2-3 levels to the downside) which will be the retrace level 1 of 1 hour cycle then continuation to the upside for level 2 (1 hour)
EURUSD: CASE OF ENDING DIAGONALENDING DIAGONAL : This is the most common diagonal that can be found out at the ending of a main trend or main correction. It consists of all the waves 1-2-3-4-5 in a single or multiple zigzags. They can be found placed at 5th wave of an impulse wave or can been seen as a wave ‘C’ of a corrective waves zigzags or flat. After the termination of the ending diagonal , a swift & a sharp reversal takes place which bring the prices back to the level from where the diagonal began.
TRADING STRATEGY: One should go long on the current levels or any dip , keeping a stop loss of 1.15360 look for the target of 1.16400 & above.
potential EURUSD mark up phase 1 hour cycle W = 1 mark up phase + 1 mark down phase of 15 min cycles
so according to 15 min cycle (3 days drop mon tues early wed) then reversal at W then we will get mark up phase in 15 min which will break 1 hour W for mark up phase in 1 hours
and we got 3 drop and today is Wednesday!
so according to the 1 H and 15 min cycles this is the last lvl 3 drop and from this W 15 min mark up phase is perfectly aligned with 1 hour W and 1 hour mark up phase
EURUSD pullback on 1,2 & 4hrLately EURUSD made downward impulsive move and now is ready for pullback 📈
Things to consider:
1. Daily impulse and correction pattern spotted
2. Retracement started and target is 0.382 on Fibonacci
3. COT data shows that hedge funds have been longing EUR so it will rise for sometime now!
How to enter:
1. Study the chart as shown in my analysis
2. Enter when the 5 and 15 MA crossover (5 above 15)
3. Macd crossing signal line
4. Break of the downtrend line
5. Entry and target on the chart
ALL THE BEST!