DXY - Next Week, Long Entry Signal at 97.55, TP at 98.35
I'll be looking for an entry signal to go long in the Asia or London session for a quick 10 pip scalp! It's not much but it's the only potential setup that I could find in the charts for tomorrow (Friday). Friday's are a touch day to trade :(
Chevron (CVX) Next Week (Probably Monday) - Buy a Put above 125.33, TP 121.50
Short AUDJPY - holding for weekly range TP
Next Week - I will be looking to short the EURUSD on Monday or Tuesday's London or NY session.
Short AUDJPY - Day Trade Scalp or Hold for Longer Term Objectives.
Why - Price will reach for liquidity below and above the market while reaching for it's long term price objectives. To trade this pair next week you need to image what a weekly bullish candle looks like. Price opens, trades lower (Monday) which is the wick (short scalp), expands ups Tuesday - Thursday (2-3 day long setup), then Friday retraces lower creating the...
Why? Stop Run at 78.6% Fib Retracement Stops below the market are the target
Reasons for the setup: Weekly Chart: We've reached -61.8% profit target completion and are now in consolidation. There should be no more near term liquidity left below the consolidation! 1 Hour Chart: A stop run within the consolidation has cleared out all the liquidity at the discount level of the consolidation. Now I'm waiting for a day that opens and has a...