Strenght in the usd this couple past days. Probably due to the fact that it is so obvious that the Fed will make the rate hikes.
We will be careful this week, nevertheless, this trade looks really good. let's see if a good buy set up comes up, and if it does, BANG IT.
Non Farm Payrolls were better than expected today 8th of March. Next week Fed is most likely to do a hike rate. Which will be good to control inflation in the US, and dollar will gain strengh.
Now he have clearly broken the trendline are are expecting the C of the correction of the first bullish impulse. rejection of the 38-50 or 61 will give me a valid entry to ...
After some big news and bearish momentum for the euro pound, we can clearly see a triagle being formed on the H1-H4 charts. Giving us the good opportunity to short this market. To place an easy sell stop below lows, and wait for the breakout.
With a decent 1.5 risk reward, this trade is a good bullet.
Hope you guys have a good week.