Hello everyone,
It is me Iliyan from DM Trading Bulgaria and the time has come for me to share with you yet another trading plan. This week similar to last I am going to share with you 2 short-term trading opportunities.
For a full technical analysis and in order to catch the overall idea of the plan check our Youtube channel.
As usual Live Signals will be posted both in our Telegram channel and on our Twitter page.
Below you can find the according zones in numbers, as well as a short fundamental analysis for this week and what you can expect on the economic front.
H4 Resistance Area: 1.2862 to 1.2900
H4 Support Area (Main Target): 1.2747 to 1.2731
H4 Risky Target: 1.2692
H1 Previous Top: 1.2810
Fundamental Analysis:
Wednesday , 22th of August
18:00 GMT (21:00 Bulgarian time)
FOMC Meeting Minutes
Here I expect to see some volatility throughout all markets, so if your positions are giving some good profits I would advice you to either close part of the positions or place your Stop Loss at Breakeven.
Friday, 24th of August
From 12:30 GMT (15:30 Bulgarian time) to 14:00 GMT (17:00 Bulgarian time)
We are starting this session with the USD Durable Goods Orders report which is expected at -0.5% from a previous 0.8% reading. This is a huge difference and I believe that it won’t be confirmed. For sure there will be a difference, but I believe that we will see a softer one and a reading of around -0.1%. This would give the USD a boost as the -0.5% is already priced in on the market. Expect volatility!
After that we have a speech from the FED Chairman - Powell at Jackson Hole. He will be talking about monetary policy and other important goals and targets for the FED, so listen carefully as you might find hints about the long term trajectory on which the USD will be headed. I will avoid trading during that time and also I will close part of my positions before the speech.
Our team wishes you a great and most importantly profitable week! :)
It is me Iliyan from DM Trading Bulgaria and the time has come for me to share with you yet another trading plan. This week similar to last I am going to share with you 2 short-term trading opportunities.
For a full technical analysis and in order to catch the overall idea of the plan check our Youtube channel.
As usual Live Signals will be posted both in our Telegram channel and on our Twitter page.
Below you can find the according zones in numbers, as well as a short fundamental analysis for this week and what you can expect on the economic front.
H4 Resistance Area: 1.2862 to 1.2900
H4 Support Area (Main Target): 1.2747 to 1.2731
H4 Risky Target: 1.2692
H1 Previous Top: 1.2810
Fundamental Analysis:
Wednesday , 22th of August
18:00 GMT (21:00 Bulgarian time)
FOMC Meeting Minutes
Here I expect to see some volatility throughout all markets, so if your positions are giving some good profits I would advice you to either close part of the positions or place your Stop Loss at Breakeven.
Friday, 24th of August
From 12:30 GMT (15:30 Bulgarian time) to 14:00 GMT (17:00 Bulgarian time)
We are starting this session with the USD Durable Goods Orders report which is expected at -0.5% from a previous 0.8% reading. This is a huge difference and I believe that it won’t be confirmed. For sure there will be a difference, but I believe that we will see a softer one and a reading of around -0.1%. This would give the USD a boost as the -0.5% is already priced in on the market. Expect volatility!
After that we have a speech from the FED Chairman - Powell at Jackson Hole. He will be talking about monetary policy and other important goals and targets for the FED, so listen carefully as you might find hints about the long term trajectory on which the USD will be headed. I will avoid trading during that time and also I will close part of my positions before the speech.
Our team wishes you a great and most importantly profitable week! :)
