Riding ð Manufacturing Data ðŊ 2%+ Risking --> [ .30% ]
Last Week the Weekly Candle closed Bearish but with no wick
Last week the Candle closed below [ 1.0866 ] Weekly S/R Level
However, the candle closed in between our two Daily Level's [ 1.0854 and 1.084 ]
Manufacturing Data Was Expected to be negative for the USD Red Folder News and in theory good for EUR Strength
Price had been going up on EU since the new Weekly Candle opening yesterday.
From Experience I was anticipating an early in the week push up away from our previously mentioned Level's.
The Red folder news was a catalyst for a continuation of momentum.
From here we can anticipate a continued early in the week push or Consolidation structure as NYSE Open falls back to our mentioned Weekly and Daily Level's. I can
see price holding these level's for a few sessions because the Bulls have a great interest in protecting these levels. Or else EU will fall back to 1.076 rather easily
Weekly Target for Bulls if we hold these levels is 1.0948
More Analysis: I observed that London Session had a nice bullish breakout. Price had pulled back for the new 4Hr candle leaving a wick to fill in momentum
and additionally to create a bottom wick for the new 4hr candle. So it could blast off like a spaceship away from our previous mentioned levels.
Zone to Zone. My TP was at next technical level 1.0889 1Hr Level
Last week the Candle closed below [ 1.0866 ] Weekly S/R Level
However, the candle closed in between our two Daily Level's [ 1.0854 and 1.084 ]
Manufacturing Data Was Expected to be negative for the USD Red Folder News and in theory good for EUR Strength
Price had been going up on EU since the new Weekly Candle opening yesterday.
From Experience I was anticipating an early in the week push up away from our previously mentioned Level's.
The Red folder news was a catalyst for a continuation of momentum.
From here we can anticipate a continued early in the week push or Consolidation structure as NYSE Open falls back to our mentioned Weekly and Daily Level's. I can
see price holding these level's for a few sessions because the Bulls have a great interest in protecting these levels. Or else EU will fall back to 1.076 rather easily
Weekly Target for Bulls if we hold these levels is 1.0948
More Analysis: I observed that London Session had a nice bullish breakout. Price had pulled back for the new 4Hr candle leaving a wick to fill in momentum
and additionally to create a bottom wick for the new 4hr candle. So it could blast off like a spaceship away from our previous mentioned levels.
Zone to Zone. My TP was at next technical level 1.0889 1Hr Level
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