EURUSD

EU trend:
1W: Down
1M: Range
1D: UP relief rally

EU approaching supply zone around 1.0900. Will do price action watch around the area to re-enter in the direction of the down trend. If no viable price action will remain long till the relief rally subsides.

Current bullish push has created a bullish engulfing on 2D chart so it will take a few days for upside momentum to subside.

not yet signal now ..... tf m1 still trading range / sideways



trend : uptrend and down trend
another type market trading range / sideways market.

The four stages of a price cycle include the accumulation, uptrend or mark-up, distribution, and downtrend or markdown phases.

1. Accumulation Phase: Accumulation occurs after the market has bottomed and the innovators and early adopters begin to buy, figuring the worst is over.
2. Mark-up Phase: This occurs when the market has been stable for a while and moves higher in price.
3. Distribution Phase: Sellers begin to dominate as the price reaches its peak.
4. Downtrend: Downtrend occurs when the price is tumbling down.

you can learn the wyckoff method from certified wyckoff mentors like Roman Borgomazov, Prof Pruden, Gary Gayton (his mentor is David H. Weis , July 13, 1942 — December 17, 2020) and other mentors


pattern in cycle price (accumulation / distribution) is never same in one condition to another condition

bulls can prepare to buy with strong power




sentiment bullish due to shakeout
bulls must breakout 1.08723 and the price play above that level for valid up trend
now bears test power of demand (bull power strong or not)



so far still bullish sentiment



for while uptrend is valid ..... good job bulls ... control the price above 1.08723 .... valid breakout 1.08753 then follow the target reach ... target now 1.08935
Thanks bulls

BP 5' --- My long was stoped now at 1.26 20 . . . .

Risky long now. SL as shown

BP 5' ---Risky long here , too SL as shown...............

process to wave 2
note. the price can not below 1.08558 (lower wave 1)

wave 2 found now .... going to wave 3 ??
news coming CPI Spanish

failed

$JY 5' --- Short. . . . . . . . . .

E. 5' --- Looks like going higher. . . . . . .

weird movement!

BP 5' --- Same here. . . . .

target reach after i wrote failed .... hehehe ..................

now market still make sideways more ....... may be reversal

I am waiting Target

Here is the Upgrade



This is x5 Acts

Eurusd is playing out nicely as I envisioned. Using just the fib retracement tool we can clearly see it’s taking off from a deep discount zone. I like to see a solid mss on the daily to seal the bullish fate of EU. Because obviously the last high created in July needs to be retested for possible bullish continuation . Also note that there’s a bearish FVG on Monthly that price might want to mitigate as well, so until the last swing low on the daily is swept EU is very much still bullish.


The attached screenshot was from analysis I did Sunday and price is respecting……

Approaching a level where I will grab my profits . . . . . . . . .

BP H'. --- Approaching a level where I will grab my prfts.........., too.

tf H1 ... sentiment bullish after found shakeout

I grabed my 68 pips and reversed to short , too.............................

Running for a secure bank to deposit my prfts...................