GM Friends,price was ranging diagonaly up for the whole August. During the FOMC it has made final manipulation where most of traders most likely entered longs. With expectations of weak USD. While the CUT 0.25 BPS was already priced in so price reversed. This is a clean pattern of accumulation, manipulation and now as we got OB confirmed we are in the distribution phase.
I see price to pullback down to the Discount liqudity and those equal lows will be nice target.
Have a great Trading week.
David Perk aka Dave Fx Hunter
I see price to pullback down to the Discount liqudity and those equal lows will be nice target.
Have a great Trading week.
David Perk aka Dave Fx Hunter
Trade active
Few trades done. I still expect it go lower
Trade closed: target reached
Perfect move Model 1 to the 50% of the range
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.