Hey guys!! I hope everyone's week is off to a great start so far. Our EU short cycle is still in play however we do see a possibility for a reset in L2. Be ready to trade both ways during London. There will be a lot of news during NY tomorrow. If you choose to hold trades through the news make sure they are managed. It's my suggestion that no one trades during the...
Peace guys. I hope everyone had a great first half of the week. So far our bias is playing out as expected. The market makers to tend to stand aside in L2 and let the retail traders have at it. This is one reason we tend to see most resets happen in L2. The daily is trending long and we saw the day close with a wick to a daily zone flip. On the H1 we see price...
It looks like our peak reset is still holding. With DXY also looking like a reset, we are looking for positions long in EU. Don't marry a direction. Keep an open mind and see the market from both a buyer and seller perspective. Happy trading. #thepowerof3s #reactdontpredict
Not much has changed from our previous bias but I do want to make everyone aware of a possible peak low meaning there is a chance we could see EU reset long. Trade safe and keep an open mind when taking a position. #thepowerof3s #reactdontpredict
We'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...
Hey 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...
Hey 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....
BOOM! 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...
Last 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. #thepoerof3s #reactdontpredict
Okay guys! My apologies for being MIA. Family first. My bias in long on EU. We saw some madness surrounding last weeks news but I am expecting EU to rise. We may see an opportunity for an entry during NY session. Maybe a trap through of the 50 EMA and rise from there but be cautious. There will be news. The daily is trending long and I'm also seeing a macro W on...
It pays to be patient. We finally saw EU make it's move to the downside yesterday. I'm expecting EU to continue to the downside for the remainder of the week. #thepowerof3s #reactdontpredict
Today 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...
Per 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.
I 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...
I'll post a picture below of what a "market maker model" looks like, but we've seen these types of models form before on Bitcoin, so this would not come as a surprise to me if we see it here again. Seeing some bullish divergence on a few time-frames, and we have formed what appears to be a double bottom around 3500-3600. Purely speculation, but I think it has some...