the market pulled up nicely from our qml zone. looking for more longs at 100.600 area for more upside.
dxy looks much bullish we are still to push higher with an expected retracement at our supply zone around 102 price level. Our next buy level is in confluence with the uptrendline at level 99
We have a qml plus trendline we will bounce hard #DYOR
After a week long of consolidation we finally have a violation of a momentum line, a demand zone flipped the SSR level.
We have a sasfe qml that coincides with an already existing trendline making ait a safe trade
EURUSD is testing our weekly demand zone for the second time. Divergence in 4hr is giving us exhaustion signals. a breakout we will look for a newly formed demand zone to enter long
price is ranging on a supply zone, a violation would validate our demand zone further. There is some liquidity engineering as an FV1 can be seen
price spent quit sometime at the qml level but it gave us a good 2ERC IMBALANCE. This is tied to a 79% retacement plus divergence
our last week forecast is going exactly. this week will be a continuation of the downward movement
this will usher us into a deep retracement to the 1840 to 1800 level where will start looking for longs
we are looking to go long on our counter trade to take us to our sell zone
we are looking areas to be shorting GBPNZD as we are in a weekly tf down movement
with a weak pound we expect more shorts to our nested demand zone for buys to our high liquid supply area
we still have bearish sentiment on EU but we but EU did a liquidity grab as the candle did not close below the previous swing low. so we will monitor price action to assess if sells are still valid
looking for down movements when we reach the failure to return setup
we have huge bullish rejection on higher tfs looking for continued bullishness
DXY looks like its trapped in a compressive structure which can only be invalidated by violation of the 95.00 level. so far the divergence is playing out we just need a break in structure to be fully bearish
the market is compressing towards our quasimodo setup