EU is making 1hr higher highs and higher lows at the minute. Lets see if we get a nice entry long to fill imbalance above . We are in a 5/15 and 1 hour buy range. I will look for entry long if we get it ....to aim for imbalance. If we push up first and fill imbalance, I will look for shorts as we are in a 4hour sell range still.
The market is currently bearish and we expect to see more bearish pressure on market open come Monday 20th September.
Basing some of this analysis on EURUSD futures contracts, we expect to see slight pullbacks to 1.1800 and later possibly to 1.1940 region before we can see any further continuation to the downside.
//FOR DAY TRADERS//
---WAIT TO SEE WEEKLY...
While the US Dollar Index (DXY) has recovered quickly from the weaker-than-expected Non-Farm Payrolls (NFP) data, the greenback may face headwinds ahead of the Federal Open Market Committee's (FOMC) interest rate decision on September 22 as inflation is expected to fall for the first time this year, according to the Conference Board's. In the United States, the...
Eurusud running 4%. I Had a B.E trade before. Most of the profit has been taken on this trade now. We are in 1hour and 4hr sell range. Trading complete for the night. We have all those manufactured equal highs created above. Have to be aware that price could push up to swipe liquidity. Trade safe and consistent! Have a great week!
Partials Taken on this trade! Manufactured liquidity to be taken out. I will target highs. We had an asian sweep. Price action has IMB above and below. 8 out 8 wins for the empire team! Trade management and having a solid plan is the key to be successful! Lets see what more opportunities presents itself.
Eu Long running 3%. Waited for price to do asian liquidity sweep! I entered on the 5min time frame, Waited for a break of structure. Scroll below to see entry! Partials taken, capital is protected. Trade management is the key to success in trading. Price action still has the potential to come down to the back of the 1hour buy range. If this PA takes me out, That...
It is time for the next cycle in bonds to develop.
bond yield on bonds of the european union is likely to go up again according to this cycle.
bond yield goes up means, bond prices are going down, which means bonds are being sold as demand on bonds lowers again, while demand on stocks rises.
what does that mean for forex ?
this means a rising EUR!
Eurusd was a nice short. Stuck to my same stratergy and didnt give up. 1st trade i was taken out. Waited for sweep of London highs Pt hit of 10%. Lets see what tonight price action brings! its looking great!
Well.... yet again it was not my final post, so from now on I will not bother saying it... Here we are harmonic completed and NFP coming up, can we see price rise to our targets to secure more profits? We will see. One thing we do know is NFP is gunna be a helluva ride. Enjoy folks, and I hope my analysis was helpful this week.