EURUSD 17 Sep 2020 - A powell of good bye 2 fiber?
Updated
Good morning,
so what we have ... price drops overnight and I guess most part of the trading community miss the move under 1.1800.
The price even tick under 1.1740 with printing low at 1.1737 at the time of I'm writing this.
What is also point to note that big banks as usually lie to us about their stop losses under 1.1740, seems they were sellers all this monday/tuesday pre FOMC days.
Picture is bearish, price action also not encouraging to buy. Everyone will hunt for top now?
Support here at 1.1752 previous two key lows and seems algo machines think it is time to wait their colleagues from London and Frankfurt before any move.
Next support is 1.1737 (weak) followed by main and key 1.1700. Anyway will be a lot of people and not only people that will buy there.
We must remember how quickly we get from 1.15 till 1.17 last time and we can not rule out the same story, but already to the downside.
Bad sign for bulls that the wind is changing. Saying this I recommend to closely watch 94 level within usd index.
Not legal and financial advice; any information provided here is only the personal opinion of the author.
Cheers!
so what we have ... price drops overnight and I guess most part of the trading community miss the move under 1.1800.
The price even tick under 1.1740 with printing low at 1.1737 at the time of I'm writing this.
What is also point to note that big banks as usually lie to us about their stop losses under 1.1740, seems they were sellers all this monday/tuesday pre FOMC days.
Picture is bearish, price action also not encouraging to buy. Everyone will hunt for top now?
Support here at 1.1752 previous two key lows and seems algo machines think it is time to wait their colleagues from London and Frankfurt before any move.
Next support is 1.1737 (weak) followed by main and key 1.1700. Anyway will be a lot of people and not only people that will buy there.
We must remember how quickly we get from 1.15 till 1.17 last time and we can not rule out the same story, but already to the downside.
Bad sign for bulls that the wind is changing. Saying this I recommend to closely watch 94 level within usd index.
Not legal and financial advice; any information provided here is only the personal opinion of the author.
Cheers!
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There is an old theme that smart traders always sell above the figure and buy below it. And as I mentioned this morning algo machines will be greedy today and you need to chase the price. I tried to sell above the figure and each time it gives me repricing above and deal under... tested on minimal lots, but it shows everything.Trade smart and CU later folks!
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Six hours and we are in the same 15 pips around 1.18 big figure.Abnormal high frequency price action going thru this main pair against USD.
We can clearly say that something cooking by the whales and may be even without sharks.
Take care. Trade wise.
Cheers!
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Possible harmonic pattern in developmentNote
another option...Trade active
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we approach finally to my morning "good sell level" and I'm fading this up move as planned before.
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