SPX500 is tanking due to the fact that the fed is increasing the interest rate up to 5% which will destroy the consumption economy in America. Consumption is two-thirds of the American economy. Americans will have less money to spend due to increase monthly payments from car, student, mortgage, all types of loans!!!
Liquidity has been taken from sellers and will...
Smart money trade. To prove allen hes a jackass. Trendline liqudity lots of buyers. Market makers about to induce buyers, then will tank straight to hell.
Dxy is about to pull back into weekly supply. Eur usd is over bought short term. Lots of trendline liqudity. Buyers have stoploss under bullish flag. Expecting it to take. I see this push up as only mitigation that took out sellers stop losses and targeted buyers buy stops. This move was also a liquidity grab
USD news is not good lately. Also, aud/usd is very over sold on 1D chart with major divergence. momentum on 1hr signifying strong buy. great r:r. Risk 15$ on forex.com on this trade .03 lots 45 pip s/L. price action break of structure of downtrend with false low and breakout up. 115$ take profit. Will add more positions along the way.
