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EUR – Rejection off LD FIX in NY Killzone
GBP – same
DXY – same
EUR at channel resistance. 5 Waves up, expect 3 Wave pullback. ECB tomorrow. EQHs & Imbalances above
DXY at channel resistance. 5 Waves down, expect 3 Wave pullback. NFP Friday. EQHs & Imbalances below
Video Analysis
EW 5 up followed by 3 down = bullish reversal, so Risk is back on next week.
Intraday EW Analysis
EQLs & Liquidity here, expect a bounce Compression
LD FIX levels for the EURUSD Breakout and Retest week commencing MON 10th JAN
MON 10th – LD retests & lower off FRI 7th FIX (1.1347), NY retests & higher off THU 6th FIX (1.1296). MON FIX (1.1319) higher confirming uptrend. TUE 11th – NY retests & higher off MON 10th FIX (1.1319). TUE FIX (1.1340) higher confirming uptrend. TUE retests MON FIX 70%. TUE FIX is pivotal. WED 12th – LD sets the LOD above TUE 11th FIX (1.1340), before NY breaks DEC High (1.1386). WED FIX (1.421) higher confirming uptrend THU 13th – TY sets the LOD, above WED 12th FIX (1.1421), NY sets the HOD. THU FIX is pivotal. FRI 14th – TY retests NY HOD, FRI is 50% the W-HIGH/W-LOW. LD pushes below THU 13th FIX (1.1461). FRI FIX (1.1433) lower confirming downtrend MON 17th – LD retests & lower off FRI 14th FIX (1.1433), now pushing lower to retest DEC breakout (1.1386), Imbalance and Order Block (1.1366). TUE 18th – MON or TUE is 50% the W-LOW/W-HIGH. Look for a retest & move higher off MON 17th FIX during LD/TUE 18th FIX during NY.
NY Opening Range and LD FIX holding EURUSD 3 days in a row. This is not unusual by the way…..
EQH/Y-HIGH/OB & TL above NFP spike down expected to take out Y-LOW/TLs before reversing
Took out TL & Y-HIGH before reversing, EQLs below LD Opening Range tested NY & TY Range, set the low then NY set the high TY, LD & NY TPO
Still consolidating, EQLs below, TL above LD tested TY range, then took out Y-LOW and set the low, NY took out the LD High before reversing Intraday TPO DXY pointing higher
LD-LOW taken out during NYO LD-HIGH taken out during LD-FIX
