Happy Friday traders - Mid Cycle of the 3rd quarter for 2023
As mentioned in my previous post, US30 gave us bullish momentum throughout the week and during NY session we seen the bears take over completely. Am i the only one seeing all the sellside liquidity getting built ?
Im in two minds with it being NFP today - shit is going to be wild.
Thinking the 35007 area is hotzone(Jul to Aug Flipzone to create bearish momentum). If we get a clear MSB and retest i will go long. If the bearish flipzones are respected. We may attack last months lows before the bull rush takes over.
I tend to stay away from major news events like this. Market can be really volatile and sweep both sides before moving in the intended direction
I’m going to take a couple of sells next week because of that liquidity build up in the daily chart but I’m not staying in it long because it only look like a retest on the Weekly time frame.
KingDee57
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@Gotraderpros, very wise mate. Im currently looking at that 4hr flipzone in order to catch some sells. US holiday today so expecting major manipulation.