The technical side;
Supply imbalance - weekly
Daily - manipulation move in the
1 hour chart shows a pattern which allowed the momentum to correct and look for upside potential, however this failed and we caught the trade during the London open.
If you did not catch this move, this is no problem. Look for a pullback and re-enter when price has shown good wicks to reject upside moves.
or Fibonacci 1 hour levels for intra-day trades.
Watch out for on the way down for false dips, but the confluence of the trade will take us down to a level of 67.5 before hitting a strong zone with a trend breather, we will look to close 80% of the trade around 67.5 level from here we can expect consolidation build up below this level as the busy days of the week are Wednesday and Thursday.
Long Short Total %Long %Short
Avg_13 26,250 58,009 84,259 31% 69%
USD is showing it's strength now as a time of uncertainty.
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