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Waiting for the Daily candle to close to see if a 3-1 forms on the Daily.
Tomorrow is a BIG day for the EUR (I mean the news driver) and we're at the reversal point on the daily TF
I expect a bounce here to the 50%, because of the 3-1 that formed.
1 did NOT close beyond the level. This makes it 3-1 setup for the EURUSD to go down.
I prefer to mark the NEW levels that did NOT do anything (didn't take out any levels) as the ones, to be TAKEN OUT next. image
If it's a FALSE breakout, then it should take out this level before the DROP.
Main sign I see on the Daily between the 4 main instruments.
Works every time! When there's NO 3-1 between the 4 main instruments - I look at the other ones in the system (8 total) and that makes the system complete. image