Uc 70 pip rally this morning was nice, but I'm not convinced prices run on double bottom was real stop hunt. Ill be looking for uc to run this triple bottom for 35-40 pips to fill the imbalance below before than rallying through the obvious resistance @ 1.2600 ultimately grabbing enough orders the dealer can sell to the herd again. Gl mates!
I can see the dxy showing a possible utad, I have shorted uc once again from .27380 with a 55 pip stop, targeting 500 pips wiping all the greedy bulls liquidity off the board to rebalance .222
I am going to try n scale in long a couple more kiwi lots, I've set a buy limit @ .69350 hopefully price can come tag her London. Stop on full positions @ .69130 tp @ .71
Last lot on uc, sell limit @.26, sl 55 pip 30 pips above eqhs on daily, tp @.220.
I can see clearly the smart $ trying to work eu longs out of their positions, while trapping intermediate term bears w their lines and s/r. I am pretty sure foreigns pairs are being accumulated for a nice moon shot.
In my opinion it is only a matter of time until the rug is pulled on the herd to fill void @ 91.00, I doubt this is an accumulation. Usdmxn says it all, I see trend line longs getting trapped hard. I expect mxn to tank hard along with dxy.
I am planning on holding uc until the void below @ .22000 is filled, I see a ton of uptrend bulls, s/r flips, and support buyers trapped. Once price rebalances its previous rally we will see if it wants to head back up.
Trapped s/r flips and resistance sellers, I predict an expansion day to the upside for foreign pairs. I will start scaling out of au around .75200 with last partials @ .7600.
I'm expecting that set of eqhs to be blown out come kiwi rate decision, if plays out it would be a nice third hit to the macro downtrend for the herd to keep selling for a nice continuation come London or NY. I also see trapped sellers off their support with somewhat of a downtrend line being plotted on the m15
I will be looking for bearish pressure once price runs those eqhs and balances yesterday's bearish move around .24800. Once the herd begins buying the breakout price will begin dropping, don't get trapped!
Looking @ the dxy daily perspective I see trapped trendline longs along with support buyers, I'm expecting 92.00 to be wiped out followed by 91.500, than we will see prices reaction. I'm looking for ucad to balance out last weeks 290 pip rally, I'm interested to see if price will react bullish out of the .23360 level, if dxy balances out somewhere around 91.250 we...
I will be looking for buys on EU around .18480 when price balances out Fridays move, the herd is still trying to sell off their macro downtrend line, and once the London breakout traps them selling the intraday uptrend line price has a high chance of making another push to the upside. Tp will be 15 pips above the eqhs @ .18800, sl 15 pips.
A ucad rip is still in play, I will hold my long until .25000 is reached.
I see trapped trend line/s/r flip shorts @ .25000 from a macro view, Trendline shorts are getting trapped on micro timeframes also. I expect ucad to rip
Short kiwi s/r flip longs are trapped along with trend line longs. sl15 tp 70
I hopped in an eu sell a bit ago targeting 40 pips, I think come London price may trap sellers to the downside either sweeping todays low or building some support above the .18700 level to purge sell stops and mitigate off that bullish ob. If this scenario plays out I'm expecting the resistance at .19200 to be blown out come London.
I think the dealer is accumulating foreigns for a retracement, I have placed a buy limit at .75300 10 pips below todays low with a 15 pip sl / 45 pip tp.