Analysis of The Market - EURUSD (8th March 2018)

Bismillah.
Salam and good morning :)

Its has been a great period. Struggling to find time to update the blog and movement.

Lets get straight to the point.

https://aotmbysalamtrader.blogspot.my/2018/02/analysis-of-market-eurusd-20th-february.html

Based on that previous post.

Daily Time Frame

1. Daily Breaks the previous lower point. Opps didnt break EL1 Daily.
2. Will need to be very careful because the market might do ABCDE pattern.

So lets go to the smaller timeframe.

H4 Time Frame

1. The market went down breaking CB1 and creates the ABC movement.
2. B area is highlighted in green which signifies the supply area / Resistance area. I dont mind. I sure there are differences. But its just my understanding (which can be flawed! so please correct me)
3. So the price went up breaking the CB1. And the price reached the TP2. NOT BREAKING the supply area and TP2 area. Interesting? WHY? because now i dont know which way?

H1 Time Frame

1. Wave 3 - 4 - 5 could be done why?
2. CB1 has been broken.

Next Action:
1. Check at the Sell area after breaking CB1 at a smaller timeframe to see a reaction. If theres CB1 break, could be the market will go short.
2. IF theres no setup, wait at the TP2/ TP3 area which is also the B area for H4. Remember A-B-C?
Market moves like ABC.
3. If the market goes UP, it follows the rule of Reentry in H4, theres no CB1 there. IF it breaks TP3, then the market will go short.

Lets wait and see.

Wallahu.

SalamTrader.