USTECH has held a special place in my portfolio for quite some time due to its responsiveness to news related to tech giants. Additionally, economic news exerts significant influence on market trends. I'm of the opinion that there is still potential for the market to gather more liquidity and for orders to be established before any downward movement occurs. Thus,...
Feeling is London will sell and US will buy.
See chart for trade configuration... 2.6% reward with 1% risk
see chart configuration after break and retest of 4hr 50
usd/chf will break 1.00 after break and retest of phase line... see previous post for analysis and trade config...
Let's see how this plays out, looking for pullback to daily pivot then after rejection from that and 61.8 fib lining up. will update in morning...
During the US Session between 11 am to 12:30 pm EST is the London Close time range to trade. London Session ends and pairs will have a small reversal as they close out many of their trades. The EURUSD is the best pair to trade this strategy. 10 pip scalp trade.