WC June 11 Outlook EURUSD - LONG
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MTF Analysis
3M-Uptrend, already made a LH (unless it hasn't)
M-Downtrend, has retraced to the 50% monthly fib. May have a bear run to the 27 ext IF weekly TF shows a bear trend. If weekly TF sustains uptrend, its 27 ext fib coincides with the monthly fib 618 level.
W-Uptrend. ATM making HH's and LH's
--Expectation is to mitigate the Weekly imbalance up top. If DTF & H4 shows uptrend--
D- Has broken structure to the upside 2x
Fri,June 9 -We are waiting for price to come to our Daily OB Zone to continue the weekly trend. May just pullback until 382 or 50 as long as we see a LTF structure break to the upside. Only then we can take longs.
MTF Analysis
3M-Uptrend, already made a LH (unless it hasn't)
M-Downtrend, has retraced to the 50% monthly fib. May have a bear run to the 27 ext IF weekly TF shows a bear trend. If weekly TF sustains uptrend, its 27 ext fib coincides with the monthly fib 618 level.
W-Uptrend. ATM making HH's and LH's
--Expectation is to mitigate the Weekly imbalance up top. If DTF & H4 shows uptrend--
D- Has broken structure to the upside 2x
Fri,June 9 -We are waiting for price to come to our Daily OB Zone to continue the weekly trend. May just pullback until 382 or 50 as long as we see a LTF structure break to the upside. Only then we can take longs.
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