DCHESSKING(THE MONEY GENIUS)

Buyers getting burnt again?

lol

Why is it a possible base? The market formed a classic drop-base-drop pattern. The base before the drop created a clear selling zone due to the imbalance left by aggressive sellers. When a pin bar appeared on the downside, it seemed like a clean buy opportunity to most traders. But that’s not how I trade. I always evaluate the closest opposite zone. What does this mean? If I’m buying from a demand zone, I need to identify where sellers are likely positioned. When sellers are closer, it shows they’re willing to sell at lower prices, which is a recipe for disaster for buyers. In this case, the base labeled as the possible base was the closest selling zone. When you analyze the proximity, it’s less than 1:2…an immediate dismissal for me. What happened? Buyers got burnt.

The candles indicated with arrows are formations that created a buying bias for many retail traders. Buyers were expecting price to push to the upside, but instead, they got burnt. There was a possible base zone close to those levels. As you can see, the proximity of those formations, which appeared as false buy signals, was very close to the possible base. Remember we use possible base to confirm validity of any trade execution.. This indicated that there were sellers lurking near the pin bars. And what happened next? Price tanked below, and buyers got wiped out!

Remember, trading is inherently risky, and this isn’t financial advice. It’s just clarity on what’s already on the charts. Haha!

The market is efficient in punishing emotional and uncalculated decisions. Fundamentals and technicals both align for this bearish target, and as always, the trend is king. Let’s watch how the coming days unfold…whether the noise fades or the structure delivers.

This is what the majority of retail traders fail to see…they’re anticipating a reversal, but the chart speaks a different language. I see a clear drop toward 0.9922, possibly even slightly lower. The monthly timeframe reveals an undeniable continuation, with no signs of sustained buying momentum. Meanwhile, day traders are tangled in the noise, holding onto hope for a reversal that isn’t supported by broader market dynamics.

I sent warnings the last time, fix yourself or get dismissed again

Love seeing those buyers get burnt ?

0.9922 is the target!!

Remember as I stated sellers are still active!!!

Over 70% of global trades are done by algorithms. Fund managers use data to predict patterns, while retail traders rely on emotions. Guess who wins?

The combination of a strong dollar and rising stocks reflects confidence in US growth, which will likely persist in the near term.

For those who bought EURUSD, it’s a tough spot😂 I guess . We would see a break below the current wick on H1…it would accelerate the sell off as stops get triggered, which would drive the pair lower toward the 0.9922 target I mentioned earlier. Meanwhile, US stocks are likely to rise. Strong economic data…coupled with market optimism around potential fiscal stimulus or pro business policies in the future, is lifting equities.

Now, let’s factor in the political angle. With Donald Trump gaining momentum and potentially being sworn into power again, the markets are speculating on policies that could further strengthen the dollar. Historically, Trump’s policies have leaned towards US focused economic growth and fiscal expansion….both of which are dollar positive. This political backdrop is adding another layer of weight to the Euro’s decline against the greenback

I previously predicted EURUSD could drop to 0.9922 in the coming days, and with the way things are unfolding…it’s looking increasingly likely. Today’s stronger than expected U.S. Non Farm Payrolls report has fueled the dollar’s rally, further weakening the Euro. Combine this with the broader market expectation that the Federal Reserve will maintain higher interest rates, and we’re seeing consistent pressure on eurusd.

This is the projected direction for eurusd in the coming days.. 0.9922

Sellers aren’t done yet..