GBPUSD | Perspective for the new week | Follow-up
Updated
Despite US job growth slowing down, the economy still added 236,000 jobs in March though below expectation and has averaged gains of 345,000 per month during the first quarter, well above the level the central bank sees as consistent with its 2% inflation goal. An immediate reaction resulted in the dollar strengthening on Friday hereby suggesting that the Federal Reserve may have to raise interest rates next month. With nonfarm payrolls out of the way, all attention is now focused on next week's US consumer price index (CPI) for the month of March. From a technical standpoint, this video shed light on the critical nature of the current market structure as we anticipate the series of high-impact macroeconomic events in the coming week.
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Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
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Price action caught within an indecisive phase just along the key level identified in the video at the 1.24200 level. So, we are going to remain patient for a signal in the form of either a breakout or breakdown of the phase for trading opportunities as price action remains on the trendline supporting the bullish momentum.Good morning
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Secure the sell positions as we witness our sell position for the week.Trade active
Secure sell position as we remain patient for more opportunities to sell. Let's see how far the current retracement will go before another wave starts. Waiting for reversal patterns to mature.Note
After been taking out of all sell positions, we shall look forward to either a breakout or breakdown of the current structure for signals.Good morning
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Secure buy positionTrade closed manually
Fall out from the recent live session; price action takes out the buy position at break-even as selling pressure resumes.Note
outlook on the 15 minute timeframeTrade active
Secure sell positionsTrade closed manually
After being taken out of all sell positions, price action remains very choppy hence we wait for a signal for trading opportunities. Good morning
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As discussedTrade active
Secure sell positionsTrade closed manually
Price action takes out the sell positions at break even as bullish momentum is enacted have an expected CPI figure. Looking forward to buying opportunities above the 1.24500 levelTrade active
Secure buy positionsNote
NOTICEWe are waiting for 1H candle to close on all pairs for our next line of action.
PATIENCE!
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44pips in profit, secure the buy positionTrade active
Secure buy position as we get ready to add more positions at the breakout/retest of the 1.244950 level, we talk about this during our sessionGood morning
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The second position triggered, secure all buy positions as we look out for more opportunitiesTrade active
Selling pressure resumesTrade active
Secure all buy positionsGood morning
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Just as discussed, selling pressure resumes ahead of the Retail sales and CPI as price action breakdown/retest the bullish trendline at the 1.25200 Level.Note
UPDATEThe US Dollar is likely going bullish following the negative variance from the CPI and retail sales readings. Updates coming in soon
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Secure all sell positions as we look forward to more opportunitiesTrade active
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Multiple positions with a total of 120 pips running in profit; secure all sell positionsTrade active
Note
Happy weekend everyone!
Trade smart. Trade consciously
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