In reality i believe the central banks deal the currency at whatever price they want and data / gdp is completely fake made up bs smoke screens to allow the market to get down get down. However, I wanted to also share the mecro economic view on why price may make some drastic moves. Enjoy!
From what i see in the DXY I think we may see something similar to this on GU.
Simple as that! down to the gap fill and back up off the OB targeting the liquidity into the bearish breaker. Other possibility is that it just keeps going up to target from here
I am predicting DXY to raid the engineered lows here as it balanced the HTF BISI upon CPI data release, Knowing the market does one of two things for high data - this seems the most obvious to me right now. I think this may be the pivot for a retracement back up before a continuation lower in the DXY. Good luck and safe trading.
I would like to direct your attention to this. Please trade safe and be aware that turbulent times are upon us. Price can do as it pleases and this here (Depending on what DXY shows as its hand) may indicate EU is pushing highs to pair liquidity and GBPUSD short books are full.
If my eye serves me right on DXY then this would fit the play. Looking for price to sell off at either eye mark. Wait for a shift in market structure to confirm an entry and looking to target the rebalance below before another good rally bullish. No need to overcomplicate things and remember it is best to respond vs. react. Market can do anything so do not get...
Charts look to me as if we are about to see DXY rally as a macro retracement before moving lower. Watch what happens as we run PDL into balancing the gap below us.
We just took PDL so we can expect a retracement now. I would like if price tagged mean threshold marked by the red line in confluence with that FVG on the 1H. Remember that today is not a day to be trading. Study the charts and save your money.
Price has taken AR lows just above PDL. Above we have a stout liquid target that would be perfect for market makers to pair orders as notated in the chart. I will be looking for possible shorts when price takes the PDH. Remember it is NFP FRIDAY! Price is either going to take significant highs/lows or rebalance a key area (those are the only two things price...
I would like to see price take previous day high and engineer equal highs before a fake short reversal to run those equal highs and rebalance the monthly FVG above - at which point I will be patiently stalking the real short move to fill the imbalances to the down side and potentially even take the recently made long term lows.
This PA will take some time to play out but I am sharing the main prices im watching to catch some nice meat cleavers. A lot can happen between now and then so a million things can cause this to not play out but i do like what I see. Please read chart notations for further breakdown. If you have any questions feel free to message me. I am long shorter term into...
im watching GU for a raid on the previous day's low, which is also equal lows and untapped liquidity for a previous NY and UK session. Lots of juice there. I see it filling to that daily FVG marked at entry and then running up to pair short positions above the previous day's high before a sell, if it intends to sell, I will notify when to move the stop to BE and...
Here we have what I interpret as a potential long and my reasons behind why I think that and why im choosing to stalk GU of all pairs this week. I will keep is short and simple as to not over complicate things for new traders. WHY GU - Simple, we have sterling cash rate this week AND we have USD cash rate this week, interest rates are the single most powerful and...
anticipating PA to reach back into this 4H candle after hitting the bearish breaker on the 4h chart. I'm short from the tip in the event it wants to dive deeper.
I have two points I'm looking for longs on US30; There is a chance we see the price to the lower eyeball as the price did not strike MT of that OB so that they may have another charge left in that thing. It is also below some excellent liquidity where traders feel safe holding longs. Let's see how the week shakes down.
I don't see the fed being able to manipulate dollar strength much more, given how much they have blown out the interest rate. I think a lot of that rate increase has been priced into the market already and we have to keep an eye out for the Euro-increasing interest rates lending strength to the euro. We have a valid swing low on the monthly that has printed, so I...
MAC printed just above the AR low and under that is a Daily OB+. Watch for price to raid AR low and deliver under the MAC low into a mitigation rally off the daily OB - this should happen right at or near UK open, if not then it would be 1hr before NYSE open up to NYSE open
Just peeped EA realy fast at MY of a 4 H OB- lets see if it wants to run to new lower lows.