Narrative :
Last week the NEWS generated a HUGE repricing and caused the market to drop that left a huge imbalance that hasn't been cleaned up yet.
Imagine paying for a 5 star Hotel and you get to it and it's a mess from the last occupants who were a Rock Group that celebrated a vey successful tour:)
Well this week is brand new and the market would want to clean up all imbalances before the inevitable DROP I believe is coming Mid Week.
Fundamentally the writing is on the wall for the EURO unfortunately. The DXY is still in orbit and this drop is only temporary to clean up the imbalance it left when it took off like a rocket during that news day last week. But after the clean up I see the DXY Soaring because the Dollar is still SUPER INFLATED! Thus Euro will Fall deeper into parity. #SniperMarketMechanics
All of that said: the potential dip in the DXY is adding more confluence for this ride LONG on EURUSD.
To add even further confluence to this ride NORTH is: All imbalances and liquidity voids have been pretty much cleaned up on EURUSD. So it's a very great assumption that the algorithm will hunt the STOPS above since it ate pretty good down south!
As always Never Over Leverage. The Forex market isn't a get rich quick space. But over time through proper risk management aka NOT OVER LEVERAGING your accounts will grow like an OAK TREE.
Trust your set up. Give the narrative time to manifest and fall into the script.
Have Fun! It's a new week and new gains are on the horizon!
I AM Pro Trading Made Simple. Master Jedi & Sensi of #SniperGang --- EVERYBODY EAT$
Last week the NEWS generated a HUGE repricing and caused the market to drop that left a huge imbalance that hasn't been cleaned up yet.
Imagine paying for a 5 star Hotel and you get to it and it's a mess from the last occupants who were a Rock Group that celebrated a vey successful tour:)
Well this week is brand new and the market would want to clean up all imbalances before the inevitable DROP I believe is coming Mid Week.
Fundamentally the writing is on the wall for the EURO unfortunately. The DXY is still in orbit and this drop is only temporary to clean up the imbalance it left when it took off like a rocket during that news day last week. But after the clean up I see the DXY Soaring because the Dollar is still SUPER INFLATED! Thus Euro will Fall deeper into parity. #SniperMarketMechanics
All of that said: the potential dip in the DXY is adding more confluence for this ride LONG on EURUSD.
To add even further confluence to this ride NORTH is: All imbalances and liquidity voids have been pretty much cleaned up on EURUSD. So it's a very great assumption that the algorithm will hunt the STOPS above since it ate pretty good down south!
As always Never Over Leverage. The Forex market isn't a get rich quick space. But over time through proper risk management aka NOT OVER LEVERAGING your accounts will grow like an OAK TREE.
Trust your set up. Give the narrative time to manifest and fall into the script.
Have Fun! It's a new week and new gains are on the horizon!
I AM Pro Trading Made Simple. Master Jedi & Sensi of #SniperGang --- EVERYBODY EAT$