This is the analysis of the 2 swings on the Daily Chart of EURUSD. Jan-Apr 2021
We can clearly see the pattern repeating itself on the course of the first quarter of this year;
The price is, as we know it completely random, but we can remark that it is fractal meaning that we can spot the same behaviours/patterns on the Monthly as well as 15m chart or any other Time Frame.
The initial high in both moves is the one which broke the structure of the previous trend, liquidity purged and continued the move down,
after which we can see the first pullback ( marked with green elipses).
Continuing the move down; each swing has its own initial Low situated in the same place of the swing, proving the symmetry of the move.
Then, marked with 2 red curves, delineating the post-low reaction to attempt in creating the Lower High, only to continue pushing the price down.
Afterwards we can see a second low being formed for both swings, grabbing the downside liquidity and having a reaction to previous order blocks, creating an institutional move, which pushed the price upwards.
Finally, the two symmetrical upthrusts come to fill the FVG / imbalance. The two upthrusts have almost the same lenght (2.43%)
In Conclusion we can say that the market is completely random but it has a series of patterns repeating themselves over and over again.
To have the edge on our side we must carefully follow the Macro Global Geo-Political situation and use our knowledge to do the Micro Technical analysis. With all these combined, using Price and Time as our guide, we can perform good trades; sticking to our trading plan, excluding emotions when trading, staying disciplined in respecting the rules we make for ourselves and in the end staying persistent and consistent. Day in and day out.
That is how 5% of traders stay successful and other 95% lose in this industry.
Kind regards,
Skrnicki Lukas
We can clearly see the pattern repeating itself on the course of the first quarter of this year;
The price is, as we know it completely random, but we can remark that it is fractal meaning that we can spot the same behaviours/patterns on the Monthly as well as 15m chart or any other Time Frame.
The initial high in both moves is the one which broke the structure of the previous trend, liquidity purged and continued the move down,
after which we can see the first pullback ( marked with green elipses).
Continuing the move down; each swing has its own initial Low situated in the same place of the swing, proving the symmetry of the move.
Then, marked with 2 red curves, delineating the post-low reaction to attempt in creating the Lower High, only to continue pushing the price down.
Afterwards we can see a second low being formed for both swings, grabbing the downside liquidity and having a reaction to previous order blocks, creating an institutional move, which pushed the price upwards.
Finally, the two symmetrical upthrusts come to fill the FVG / imbalance. The two upthrusts have almost the same lenght (2.43%)
In Conclusion we can say that the market is completely random but it has a series of patterns repeating themselves over and over again.
To have the edge on our side we must carefully follow the Macro Global Geo-Political situation and use our knowledge to do the Micro Technical analysis. With all these combined, using Price and Time as our guide, we can perform good trades; sticking to our trading plan, excluding emotions when trading, staying disciplined in respecting the rules we make for ourselves and in the end staying persistent and consistent. Day in and day out.
That is how 5% of traders stay successful and other 95% lose in this industry.
Kind regards,
Skrnicki Lukas