After DXY's golden cross, we expected the market to either go sideways or be bullish. NQ is essentially right near where it opened on Monday.
Friday's tend to be a 60%-70% pullback of Thursday's move. With that in mind, I'm expecting Friday to grab liquidity above Monday's high ($14,956) and then retrace back to $14,740.
Friday's tend to be a 60%-70% pullback of Thursday's move. With that in mind, I'm expecting Friday to grab liquidity above Monday's high ($14,956) and then retrace back to $14,740.
Trade active:
Took partial profit at around 12:30pm. If we see a second move down it would be around 1:30-2:30 pm - which could bring us below the Asian Session and take out liquidity at $14,810. Perhaps a slight bounce back up to bring us closer to the weekly open?.
Keeping my stop-loss orders very tight.
Keeping my stop-loss orders very tight.
Trade closed: target reached:
$14,810 target reached. Closed all trades. Not interested in grabbing this small rally up.