Previous Week Update:

  • Before

EURUSD Update.PNG

  • After

EURUSD Update 1.PNG

Followed path C nicely but hasn’t completed the move yet so it is still possible for it to go that way.


Upcoming EUR +USD News:

  • Tuesday
    • ISM Non-Manufacturing PMI
      • Previous: 60.1
      • Forecast: 59.2
  • Wednesday
    • ADP Non-Farm Employment Change
      • Previous: 235K
      • Forecast: 191K
    • Crude Oil Inventories
      • Previous: -3.4M
  • Thursday
    • Unemployment Claims
      • Previous: 238K
      • Forecast: 241K
    • ECB President Draghi Speaks
  • Friday
    • Average Hourly Earnings m/m
      • Previous: 0.0%
      • Forecast: 0.3%
    • Non-Farm Employment Change
      • Previous: 261K
      • Forecast: 200K
    • Unemployment Rate
      • Previous: 4.1%
      • Forecast: 4.1%

Monthly: We closed extremely bullish on the EURUSD. I am looking to fill the wicks, where then I see the next green line above as the next HH target before coming down to create a higher low.

EURUSD Monthly.PNG

Weekly: Weekly closed with a hanging man candle. For it to confirm a double top I will be looking for the coming candle to close under the previous bullish candle. However, right now it is still bullish until we have that bearish engulfing.

EURUSD Weekly.PNG

Daily: Daily retest the previously broken resistance but I could be forming a double top on the H4 but I am not entirely sure. This week going to be special and the next week as well. Lots of volatility.

EURUSD Daily.PNG

H4: We also have a triangle on EURUSD like UJ and Gold. So I will be waiting for a breakout before taking any trade.

EURUSD H4.PNG


Predicted Movement:

EURUSD Prediction

Waiting for breakout to take trades but going to stay extra cautious this week as it is NFP week after all.

IN Addition!

On my website and telegram, I have announced that I will be taking 5 new students in February. For details please check the “Mentorship” tab. Looking forward to the applicants 😊.