I'm watching to see how price behaves going into 1.1005
We have bounced off it so many times I don't trust being a buyer here.
Also, from the looks of price action, it does not seem the institutions have buy orders here anymore.
For me to be a buyer I will want to see them build a new position, which might take some time. (few days)
Until then I am looking to sell all the way down to 1.0950 or so (also a crab and shark complete around that green line
If we dont get a huge drop tomorrow for funds rate, I'm expecting NFP to be the next catalyst
We have bounced off it so many times I don't trust being a buyer here.
Also, from the looks of price action, it does not seem the institutions have buy orders here anymore.
For me to be a buyer I will want to see them build a new position, which might take some time. (few days)
Until then I am looking to sell all the way down to 1.0950 or so (also a crab and shark complete around that green line
If we dont get a huge drop tomorrow for funds rate, I'm expecting NFP to be the next catalyst
Note
Not buying the hype on the H1 Chart, wait for the daily close to see if it is bullish
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Each week, I send an email breakdown of the best forex setups, watch zones, and market trends so you can trade with confidence.
Your next setup is waiting—Subscribe for access to my weekly outlooks.
Your next setup is waiting—Subscribe for access to my weekly outlooks.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.