The ppi gave out a few pips and took out the previous sessions liquidity. The last trade of the day a short towards London low.
Price rallied to the upside after a weak dollar breaking structure to the upside. Will be looking forward to the ppi but in the meantime a bullish scenario is forming. If price formed the high of the day yesterday we might see a bearish scenario later in the sessions.
Bias Bearish. Anticipating a strong dollar leading to lower prices on gu. Will be closely monitoring the news today. A day to stay away from the markets but if something must kill a man I'll choose the markets😅. NB: Don't try fight the markets, instead follow what it's printing. VAMOOOOOOOS!
Price tapped into the daily fvg presumably creating the high of the day/week. Waiting for a sweep of liquidity on the upside or smt divergence on eu or dxy for a short entry. Target 1 to be the London low, Tp 2 on yesterday's daily low.
Bias Bearish. Yesterday price took out the Asian session in the NY. Today if price doesn't move High in attempt to fill the imbalance left behind Last week after the NFP, I am anticipating a move below yesterday's daily low. Entry on the 15mins fvg. NB: tomorrow there's FOMC so if price doesn't make the high of the week today (if it hasn't already) will be...
Bearish bias. Price closed below previous week's low. Anticipating for price to be trading lower. Multiple news events this week so plenty of opportunities incoming. For tomorrow Monday expecting price to trade upwards to fill the 4hr imbalance then sell off. NB. The market doesn't owe us anything so We'll get into what it's giving.
Price broke structure to the downside on the daily. Still watching the key weekly levels above and below. If price decides to go lower will be targeting the daily lows below. NB: don't try to fight you the market, instead focus on what it's printing and go with it.
Price broke structure to the downside on the daily. Still watching the key weekly levels above and below. If price decides to go lower will be targeting the daily lows below. NB: don't try to fight you the market, instead focus on what it's printing and go with it.
Today we got our first GU short in alliance with the previous analysis. Asian session liquidity swept and went short on the 1st one minute fvg in the London session. 5RR
GU pushed up higher creating a new weekly high approaching a key level. Coming week (May 27-31) Looking for price to trade lower into the buy side imbalance sell side inefficiency to balance the market (probably Monday and Tuesday) before rallying upwards to the highs above. NB: A couple of news events in the week: CB consumer confidence on Monday. Thursday and...
GU pushed up higher creating a new weekly high approaching a key level. Coming week (May 27-31) Looking for price to trade lower into the buy side imbalance sell side inefficiency to balance the market (probably Monday and Tuesday) before rallying upwards to the highs above. NB: A couple of news events in the week: CB consumer confidence on Monday. Thursday and...
Bias Bullish. NB: cad news later on which could potentially take out lows below. Overall expecting price to distribute higher to the Asian highs. There could be an entry after the news. Previous Weekly highs are the ultimate target. The psychological part of trading is what makes it difficult. If you able to work on yourself (all other factors constant) it could...