Go ahead to related ideas, to see what's up, and what we are up to!
This is a second day analysis from Afterglow series!
This is a standard situation when I let levels to decide where to enter the position!
For now it will be either buy or sell!
We still have some pressure, but some levels are getting higher, indicating we could have a buy setup!
Let's talk about sell setup, because it is in role now!
The most superb case would be that EU climbs up at around 1.1175.
Buy Signal, in correlation with TIS ( Yesterdays TIS was pip in a pip ) represents good area for short.
But take a look at this as well!
From wave 5 we are not able to break that Reversal level.
So Wave 5 in correlation with HTD. This means we could pass the TIS mentioned above, and go to second pitstop from where we could add more sells.
So If EU decides to go up, I will try and sell from TIS, and if it breaks TIS and Enters Buy Signal
I add second sell from Wave 5 / HTD zone.
Because if it does so, we have levels for it down there in the bottom.
So we can swing trade it.
Now let's talk about these levels in the Bottom, and why we could have a buy setup if Market Reaches them first instead of going up to sell zone!
Tuesdays MHI is 1.1144, Market sentiment is 1.1155. Works in correlation with TIS ( swings )
1.1155 is correlated with Weekly TIS which is 1.1151.
So this can be a great buy zone, Since Market sentiment and TIS both can work as a buy pivot!
All analysis are made based on Absolute Fibonacci wave theory, that involves Wave5 / 6 and as well Market Sentiment trend pointers.
Remember market goes where it want's to go, risk reasonably!
Comment and like this idea if you feel so!
In screenshot you can see 3 levels in black!
If EU goes up without reaching Market sentiment @ 1.1183 , I could ad shorts, since these 3 levels in black are at the same area, and provide strong level!
If It goes down To market sentiment from now on, I think I flip to Longs.