Although Cable and Euro work hand in hand, Cable broke intermediate term highs whilst Euro closed out by the weekly bearish order block, indicating some form of a pullback going into next weeks trading.
1.08969 is a short term target i expect Euro to trade down into.
My philosophy is simple...
Fortify Michael J Huddlestone's concepts that I have studied to consistently predict where the market is more likely to go.
This includes;
- Market Structure
- Buyside/Sellside Liquidity
- Order Blocks
- Liquidity Voids
- Fair Value Gaps
- Optimal Trade Entry
- Premium/Discount Array
- SIBI/BISI
- Many More!
The strategies mentioned here are some of many that I use to implement into my analysis and over time, with consistency I aim to achieve a high degree of accuracy in the markets with the foresight and understanding to assess what went wrong when my bias is negated.
Credits;
- Michael Joe HUDDLESTONE
- Shawn Lee POWELL
- Toray KORTAN
1.08969 is a short term target i expect Euro to trade down into.
My philosophy is simple...
Fortify Michael J Huddlestone's concepts that I have studied to consistently predict where the market is more likely to go.
This includes;
- Market Structure
- Buyside/Sellside Liquidity
- Order Blocks
- Liquidity Voids
- Fair Value Gaps
- Optimal Trade Entry
- Premium/Discount Array
- SIBI/BISI
- Many More!
The strategies mentioned here are some of many that I use to implement into my analysis and over time, with consistency I aim to achieve a high degree of accuracy in the markets with the foresight and understanding to assess what went wrong when my bias is negated.
Credits;
- Michael Joe HUDDLESTONE
- Shawn Lee POWELL
- Toray KORTAN
Trade closed: target reached:
Throughout the whole of this week, i have been fighting food poisoning with today being the day i was admitted into hospital hence the reason for a delayed update to all of the asset pairs analysed for this weeks trading. But this does not mean abandonment!
Comparing dollar index alongside euro and you will see the striking resemblance, especially with Thursday’s price action breaking the bearish market structure in euro and bullish market structure shift in dollar. Definitely will be keeping a close eye out on the due as they are more likely going to hold tight correlation going into next week
The narrative for euro was bearish and I wanted the weekly order block to not only be respected, but rejected. We got that on the Thursday with Friday showing signs of indecision.
Further downside Is likely, especially if dollar continues to push upwards into a premium as the 50% EQ was only just met on the Friday. Also goes hand in hand with my continues bearish trend for ES.
Comparing dollar index alongside euro and you will see the striking resemblance, especially with Thursday’s price action breaking the bearish market structure in euro and bullish market structure shift in dollar. Definitely will be keeping a close eye out on the due as they are more likely going to hold tight correlation going into next week
The narrative for euro was bearish and I wanted the weekly order block to not only be respected, but rejected. We got that on the Thursday with Friday showing signs of indecision.
Further downside Is likely, especially if dollar continues to push upwards into a premium as the 50% EQ was only just met on the Friday. Also goes hand in hand with my continues bearish trend for ES.