Here is this week's narrative:
7 Days ago The Fall began.
Sunday-Tuesday of every week most assets make their High or low of that week. Afterwards it will tend to trend in the direction of that week's bias.
This was exactly the case last week.
Friday took out all longs beautifully in the perfectly times NEWS event by the Fed Chair who basically announced that we (The US) would continue to keep printing money from our money machine which caused a huge SPIKE in price. That spike took out ALL Retail traders who tried to swim against the tide of a 7 Trillion dollar ocean. While we Snipers waited patiently for the inevitable drop to be in sync with the Central backs and algorithm that delivers price to the market. That WICK Friday left a foot print the size of Godzilla:)
Being that all Buy Side liquidity has been clearly taken out the trend SOUTH is a likely play for this week.
Now adding even more drama aka confluence to this scenario the DXY is set up to soar to Mars this week. We know that the DXY is the Ying to the Yang for EURUSD and most US Base Pairs. This objective information makes the case even stronger for a week of selling.
As Snipers in the market all we can do is put together the clues that past price action and the fundamentals (news) gives us. No more no less. Plus some subtle information you only acquire through relentless study and consistency of monitoring the chart$.
The proper risk management will always keep you in the game until your accounts compound like an oak tree! Fast money doesn't existin this space. But slow and steady always wins the race.
As always never over leverage. Trust your trade Set Up. Have Fun!
I Am PRo TRADING MADE SIMPLE. & Sensi and Master Jedi Trader Of Sniper Gang!
Everybody Eat$
7 Days ago The Fall began.
Sunday-Tuesday of every week most assets make their High or low of that week. Afterwards it will tend to trend in the direction of that week's bias.
This was exactly the case last week.
Friday took out all longs beautifully in the perfectly times NEWS event by the Fed Chair who basically announced that we (The US) would continue to keep printing money from our money machine which caused a huge SPIKE in price. That spike took out ALL Retail traders who tried to swim against the tide of a 7 Trillion dollar ocean. While we Snipers waited patiently for the inevitable drop to be in sync with the Central backs and algorithm that delivers price to the market. That WICK Friday left a foot print the size of Godzilla:)
Being that all Buy Side liquidity has been clearly taken out the trend SOUTH is a likely play for this week.
Now adding even more drama aka confluence to this scenario the DXY is set up to soar to Mars this week. We know that the DXY is the Ying to the Yang for EURUSD and most US Base Pairs. This objective information makes the case even stronger for a week of selling.
As Snipers in the market all we can do is put together the clues that past price action and the fundamentals (news) gives us. No more no less. Plus some subtle information you only acquire through relentless study and consistency of monitoring the chart$.
The proper risk management will always keep you in the game until your accounts compound like an oak tree! Fast money doesn't existin this space. But slow and steady always wins the race.
As always never over leverage. Trust your trade Set Up. Have Fun!
I Am PRo TRADING MADE SIMPLE. & Sensi and Master Jedi Trader Of Sniper Gang!
Everybody Eat$