Just finished my weekend analysis video and figured I would share my 4H chart.
Following the drive up on Friday, creating a near perfect accumulation schematic, I am very bullish on EU next week.
But only until Wednesday as FOMC could cause price to go either way following the int rate hike announcement.
First target is 4H imbalance & 4H supply. If supply breaks, then 2nd target is daily supply.
I have this idea, after seeing what happened with CPI, if the Fed sticks with the expected 75 bp, it could cause complete disappointment and DXY to continue to the downside. But its just a theory and we will have to wait and see to what extent the the Fed increases the int rates and how the market reacts to it.
Following the drive up on Friday, creating a near perfect accumulation schematic, I am very bullish on EU next week.
But only until Wednesday as FOMC could cause price to go either way following the int rate hike announcement.
First target is 4H imbalance & 4H supply. If supply breaks, then 2nd target is daily supply.
I have this idea, after seeing what happened with CPI, if the Fed sticks with the expected 75 bp, it could cause complete disappointment and DXY to continue to the downside. But its just a theory and we will have to wait and see to what extent the the Fed increases the int rates and how the market reacts to it.
Trade active:
Entered on pullback to 15m demand. Still running 50% volume on both trades.
🧑💻| Founder @blackswanforex
📈| Smart Money Trading
🔗| Link below for my Youtube and Telegram group where I post trading ideas 👇👇👇
📈| Smart Money Trading
🔗| Link below for my Youtube and Telegram group where I post trading ideas 👇👇👇