This is a follow-up detail on the analysis shared on Sunday as the price moved over 100pips in our favour (see link below for reference purposes).
From a fundamental perspective and following the recent Fed chair Powell's speech, it is clear that there will not be policy change on the basis that the supply chain will improve.
Technically, price action is currently oscillating right around the temporary bearish trendline where both a strong move to the upside or downside is very possible at this point and if we put into consideration the long term bearish momentum, we want to be on standby to catch the move as any move, either way is going to be massive... stay tuned in!
Risk Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
From a fundamental perspective and following the recent Fed chair Powell's speech, it is clear that there will not be policy change on the basis that the supply chain will improve.
Technically, price action is currently oscillating right around the temporary bearish trendline where both a strong move to the upside or downside is very possible at this point and if we put into consideration the long term bearish momentum, we want to be on standby to catch the move as any move, either way is going to be massive... stay tuned in!
Risk Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
Comment:
New entry added and more to come if price move as expected
Trade active:
Trade active:
A total of 115pips in profit (3 positions); we want to move our stops accordingly at this point
Trade active:
200pips running in profit (3 positions); it is time to move our stop loss accordingly
Trade smart. Trade consciously
