from now on until the 23rd is break from trading
As you know maybe already I trade both technical and "fundamentals". By fundamentals i understand, what the paid media is telling me coupled with logical bias. If I do not understand something I just stay aside. I picked this chart for no particular reason, due to the fact the you exhibit the same chart structure on the charts.
In the last two days we had classic risk off trade. Dollar, gold and yen were bid. Then came the killing of the UK lawmaker Jo Cox and that according to Bloomberg (payed media) prompted relief rally under the assumption that her death will push the voters for Brestay, Where is the logic, I will leave it to you. So what does that tell me? Grab a nice beverage, close all position what the markets, take notes and have a nice time off the markets. Until the 23rd.
Today is Friday, nothing major from data point of view. I rarely trade on this day. I haven't done comprehensive stats, but Friday is chop day unless we have some news around that day, NFP for example. My trading stats are showing me that I perform poorly on Friday and Monday.
So what to do with that pair. If you are bullish that pair then wait for retracement down to 0.73500 or wait for a break of the supply and again wait for retracement back to 0.74- If you are bearish play vice versa with the supply zones.
have a great weekend and do not forget not trading is trading.
cheers
In the last two days we had classic risk off trade. Dollar, gold and yen were bid. Then came the killing of the UK lawmaker Jo Cox and that according to Bloomberg (payed media) prompted relief rally under the assumption that her death will push the voters for Brestay, Where is the logic, I will leave it to you. So what does that tell me? Grab a nice beverage, close all position what the markets, take notes and have a nice time off the markets. Until the 23rd.
Today is Friday, nothing major from data point of view. I rarely trade on this day. I haven't done comprehensive stats, but Friday is chop day unless we have some news around that day, NFP for example. My trading stats are showing me that I perform poorly on Friday and Monday.
So what to do with that pair. If you are bullish that pair then wait for retracement down to 0.73500 or wait for a break of the supply and again wait for retracement back to 0.74- If you are bearish play vice versa with the supply zones.
have a great weekend and do not forget not trading is trading.
cheers