✨ MODIFICATION: EURUSD ✨ THE BIG PICTURE (5D)
Updated
TECHNICAL ANALYSIS:
TP5 @ 1.2115 (closing ALL Buy Orders)
TP4 @ 1.17850 (shaving 25%)
TP3 @ 1.1250 (shaving 25%)
TP2 @ 1.1100 (shaving 25%)
TP1 @ 1.0933 (shaving 25%)
BLO1 @ 1.0820 ⏳
BLO2 @ 1.0800 ⏳
VIDEO TIMESTAMP:
00:00 ECB News
02:53 Where Do We Go From Here?
03:32 A Noisy Intermediate Time Frame (4H)
04:55 Key Support/Resistance Levels (4H)
06:01 Institutional Buying Targets
06:42 Safe Haven Currencies
05:52 Interest Rates and Safe Haven Currencies
08:47 Position Sizing with R:R @ 1:1
10:20 Best Buying Opportunities ⭐
11:04 The BIG PICTURE Analysis ⭐
13:28 BIG PICTURE Anticipatory Trend
16:31 Boost, Follow, Comment, Join
FUNDAMENTAL ANALYSIS:
During today's EUR News trading session, the EURUSD initially tried to rally or, as we call it, exhibited a false positive. Still, the market gave back gains as the European Central Bank raised its key interest rates as anticipated by 25 basis points up from 3.50% to 3.75%. So, considering this, where is Price Action going from here?
Since April 02, 2023, @ 18:00, it's been a very noisy range. This range is our current price curve analysis. It lands between the Pivot Low of 1.0788 and the Pivot High of 1.1095 and, therefore, places Support @ 1.0945 and Resistance @ 1.1086.
Based on the 4H chart, we should be clear for a downtrend breakout if price action opens and closes below our Support Level. A breakout pattern to the downside would also mean Price Action is pulling back from its BIG PICTURE uptrend pattern. Therefore, we should find Institutional Buying Targets around 1.0820 and 1.0800.
Considering the US dollar to "safe-haven" currencies like JPY or CHF, we need to be cautious about our position sizing because this will continue to be a volatile range. We're going to have to "ride the wave" professionally.
Right now, I see a lot of short-term buying and selling opportunities until Price Action reaches its 4-hour Demand Zone around 1..0800. Once we're there, the longer-term opportunity to buy will be ours.
TP5 @ 1.2115 (closing ALL Buy Orders)
TP4 @ 1.17850 (shaving 25%)
TP3 @ 1.1250 (shaving 25%)
TP2 @ 1.1100 (shaving 25%)
TP1 @ 1.0933 (shaving 25%)
BLO1 @ 1.0820 ⏳
BLO2 @ 1.0800 ⏳
VIDEO TIMESTAMP:
00:00 ECB News
02:53 Where Do We Go From Here?
03:32 A Noisy Intermediate Time Frame (4H)
04:55 Key Support/Resistance Levels (4H)
06:01 Institutional Buying Targets
06:42 Safe Haven Currencies
05:52 Interest Rates and Safe Haven Currencies
08:47 Position Sizing with R:R @ 1:1
10:20 Best Buying Opportunities ⭐
11:04 The BIG PICTURE Analysis ⭐
13:28 BIG PICTURE Anticipatory Trend
16:31 Boost, Follow, Comment, Join
FUNDAMENTAL ANALYSIS:
During today's EUR News trading session, the EURUSD initially tried to rally or, as we call it, exhibited a false positive. Still, the market gave back gains as the European Central Bank raised its key interest rates as anticipated by 25 basis points up from 3.50% to 3.75%. So, considering this, where is Price Action going from here?
Since April 02, 2023, @ 18:00, it's been a very noisy range. This range is our current price curve analysis. It lands between the Pivot Low of 1.0788 and the Pivot High of 1.1095 and, therefore, places Support @ 1.0945 and Resistance @ 1.1086.
Based on the 4H chart, we should be clear for a downtrend breakout if price action opens and closes below our Support Level. A breakout pattern to the downside would also mean Price Action is pulling back from its BIG PICTURE uptrend pattern. Therefore, we should find Institutional Buying Targets around 1.0820 and 1.0800.
Considering the US dollar to "safe-haven" currencies like JPY or CHF, we need to be cautious about our position sizing because this will continue to be a volatile range. We're going to have to "ride the wave" professionally.
Right now, I see a lot of short-term buying and selling opportunities until Price Action reaches its 4-hour Demand Zone around 1..0800. Once we're there, the longer-term opportunity to buy will be ours.
Note
EURUSD...16H/10H
(add-on opportunity)
TP4 @ 1.1760
TP3 @ 1.1515
TP2 @ 1.1266 💰 (2nd Opportunity)
BSO1 @ 1.1150 (add-on) ⏳
BLO3 @ 1.0975 (add-on)⏳
BLO1 @ 1.0820 (add-on) +219 pips 🤑
BLO2 @ 1.0800 (add-on) +239 pips 🤑
TP1 @ 1.0490 💰
BSO @ 100.25 (closed @ TP1)
ADDITIONAL INFO:
🙏 Let's see if we can jump back into the Big Picture UT with these new BLO3 and BSO1
🤑 Combined Net Equity is @ +458 pips
🤓 More updates to come as PA moves in our favor
⚠️ TREND
— Momentum: Big Picture Uptrend
— Price Action: Downtrend Pullback
— CounterTrend: NO (moderate risk trade)
Trade active
💶 UT BIAS (3m) 🤑Shaving from my Buy position @ 1.1055
Professor C. E. Ward
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