⚜️We are expecting this to break through its bottom level of support, price just broke through a recent down trendline and has started a new uptrend, breaking through a resistance....we are expecting a retest of the broken resistance line which is also the retracement move of the recent impulse move before the bullish price action happens.
BUY ENTRY/ALERT : 105.506
SL: 104.947
TP1: 105.833
TP2: 106.104
TP3: 106.888
Total Pips: 138
Fundamentals:
⚜️JPY = BoJ monetary policy meeting minutes publishes a study of economic movements in Japan after the actual meeting. Any changes in the report tend to affect the JPY volatility. If the BoJ minutes show a hawkish outlook, that is seen as positive/bullish for the JPY, while a dovish outlook is seen as negative/bearish.
⚜️USD
- Continuing Jobless Claims: measure the number of individuals who are unemployed and are currently receiving unemployment benefits. It presents the strength in the labor market. A high reading is seen as negative, low is seen as positive. Predicted to slightly drop from 12.628M to 12.339M.
- Initial Jobless Claims 4-week average: it measures new applications that being submitted for state unemployment insurance over the 4 week time period. A decreasing number is seen as positive, increasing as negative. Predicted to rise from 912.000K to 944.077K
- Initial Jobless Claims: predicted to drop from 860K to 843K
- Treasury Sec Mnuchin speech: his mission is to maintain a strong economy, foster economic growth, and create job opportunities. His speeches always create volatility in USD pairs.
- FED Chair Powell's testimony before Congress: 2nd part of his testimony in explaining to Congress how does FED is planning economic recovery and further growth. We already have seen what his speeches have created over the last two days. High volatility expected and his speech is seen as a USD strength.
- New Home Sales MoM: is an important measure of housing market conditions. House buyers spend money on furnishing and financing their homes so as a result the demand for goods and services is stimulated. A high reading is seen as positive for $ and low reading as negative. Predicted to fall from 0.901M to 0.890M.
- FED William's speech: his speeches are important however do not create high volatility in the market.
⚠️📈Risk Management // Disclaimer 📈⚠️
• Please remember that patience is the second name of this business and risk management is everything.
• Do not risk more than what you can afford and do not be greedy.
• The analysis, insights, and market breakdowns we provide are just ideas so it is your choice to follow our analysis or not.
• We will not be held responsible for any losses on your account as we do not have access to gain control to place your trades, you are the manager of your capital and it is down to you to manage this correctly.
Lot Sizes:
💰 £100-£300 : 0.01 - 0.03
💰£400 - £500 : 0.04 - 0.05
💰£1000 - £2000 : 0.1 - 0.15
*******************************
Trading Futures, Forex, CFDs, and Stocks involve a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. Trading View posts and content on this website are for entertainment purposes only and do not constitute investment recommendations or advice.
We do, however, encourage our clients that are intending to trade, to be fully aware of the risks, fundamentals, technicalities associated with being a profitable trader. Appropriate training is necessary to succeed.
A reminder - trading foreign exchange and futures on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you, as well as to your advantage.
We do not take responsibility for any trader's loss and gain no reward or have no ownership of any profits made.
BUY ENTRY/ALERT : 105.506
SL: 104.947
TP1: 105.833
TP2: 106.104
TP3: 106.888
Total Pips: 138
Fundamentals:
⚜️JPY = BoJ monetary policy meeting minutes publishes a study of economic movements in Japan after the actual meeting. Any changes in the report tend to affect the JPY volatility. If the BoJ minutes show a hawkish outlook, that is seen as positive/bullish for the JPY, while a dovish outlook is seen as negative/bearish.
⚜️USD
- Continuing Jobless Claims: measure the number of individuals who are unemployed and are currently receiving unemployment benefits. It presents the strength in the labor market. A high reading is seen as negative, low is seen as positive. Predicted to slightly drop from 12.628M to 12.339M.
- Initial Jobless Claims 4-week average: it measures new applications that being submitted for state unemployment insurance over the 4 week time period. A decreasing number is seen as positive, increasing as negative. Predicted to rise from 912.000K to 944.077K
- Initial Jobless Claims: predicted to drop from 860K to 843K
- Treasury Sec Mnuchin speech: his mission is to maintain a strong economy, foster economic growth, and create job opportunities. His speeches always create volatility in USD pairs.
- FED Chair Powell's testimony before Congress: 2nd part of his testimony in explaining to Congress how does FED is planning economic recovery and further growth. We already have seen what his speeches have created over the last two days. High volatility expected and his speech is seen as a USD strength.
- New Home Sales MoM: is an important measure of housing market conditions. House buyers spend money on furnishing and financing their homes so as a result the demand for goods and services is stimulated. A high reading is seen as positive for $ and low reading as negative. Predicted to fall from 0.901M to 0.890M.
- FED William's speech: his speeches are important however do not create high volatility in the market.
⚠️📈Risk Management // Disclaimer 📈⚠️
• Please remember that patience is the second name of this business and risk management is everything.
• Do not risk more than what you can afford and do not be greedy.
• The analysis, insights, and market breakdowns we provide are just ideas so it is your choice to follow our analysis or not.
• We will not be held responsible for any losses on your account as we do not have access to gain control to place your trades, you are the manager of your capital and it is down to you to manage this correctly.
Lot Sizes:
💰 £100-£300 : 0.01 - 0.03
💰£400 - £500 : 0.04 - 0.05
💰£1000 - £2000 : 0.1 - 0.15
*******************************
Trading Futures, Forex, CFDs, and Stocks involve a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. Trading View posts and content on this website are for entertainment purposes only and do not constitute investment recommendations or advice.
We do, however, encourage our clients that are intending to trade, to be fully aware of the risks, fundamentals, technicalities associated with being a profitable trader. Appropriate training is necessary to succeed.
A reminder - trading foreign exchange and futures on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you, as well as to your advantage.
We do not take responsibility for any trader's loss and gain no reward or have no ownership of any profits made.