IMO FOMC George was largely bullish/ Hawkish $ on the margin; surprisingly coming out and stating for one of the first times that "Fed rates are too low" and "Not Raising Rates in June Was Due to Timing Issues" - these two statements imo hint that a hike coUuld be on the cards earlier than perhaps was expected (Dec), in-light of his opinion of them being too low...
IMO the ECB minutes were the most dovish/ clearly directed statements out of the ECB for several months. Before this, and in the past several speakers comments, sentiment has been towards the hawkish/ stale side, citing "ECB has done enough" as the main rhetoric. The June Minutes however show a renewed positioning of the ECB, where they clearly imply they are...
Usually I dont post trade ideas based on shark patterns. The reason is Sharks can complete between 0.886 & 1.13 which makes traders to get confused when to enter. So if you guys have traded sharks successfully & have own set of ratio's : this trade idea is for you only. EURUSD is channeling for sometime and the recent close below our trendline put us on...
We have good conviction fundamentally where this currency pair is going over the next few months, However we could experience profit taking pullbacks at anytime so looking for rejection of key areas will be important. The first point of call is the 38%-50% fib pull back where I will be looking to take my first sell