EURUSD mark up phase starting if we breakout 1H W patternfor EURUSD I am expecting a mark up phase during Mon-wed cycle and start forming a big W pattern. After this 7 days (2 weekly cycle) mark down phase to the downside which was level 3 of 1H cycle and now.
confluences- MM has absorbed all orders of 1.09 and recovered the 4H vector candle + There is a huge of 4H divergence + the GAP is still remaining
so if they form a W pattern we might be starting a new 1H mark up cycle + there is a chance of starting a new 1H cycle with a smaller W patter (15 min) as it has happened a lot in the past
Marketmakercycle
XAUUSD level 3 rise incoming! every time we make a new level of 1 hour cycle we always make it with 3 level of 15 min cycle but since there was no 15 min cycle in that spike therefore we cannot say that it was level 2. we actually got clear 3 levels with this recent pump and we have already completed retrace of 1 hour level 2 cycle or (15 min 3 levels cycle) and we didn't break lvl 1 low (1h cycle), so this tells that XAU is going for 3 levels of 15 min cycle to the upside which is aligned with level 3 of the 1 h cycle
(this projection is only valid if XAU creates and breaks 15 min W) and dont break level 1 low
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)
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