Keep in mind it is NFP Friday and it is best to sit out. However, if price wants to raid PDH into the MT marked in blue above, then I will be looking to catch a short down down, but again it depends on data and it will be a wild day. Trade light or do not trade at all. Be safe secure the bag.
I am anticipating a further move down but we will want to see where price is at 10 minutes before UK open. I would like to see price hitting a key point for a move down almost exactly at UK open. Time and price, time and price my friends. TIME! Watch the clock and trade safe - targets are the bullseyes being SSL and watch the green zone for a potential reversal.
May get more out of it, let's see if it triggers and works in our favor.
10k incoming. Prepare the trucks to load up when it arrive.
Get ready for potential scale short entry happening at UK open is my guess. I am watching those three points marked with eyes. We will see if price pushes to take stops or lacks the power and wants to fade away. trade safe GL!
We have several high-impact German data for the EUR coming out this session today. Germany is the largest strength contributor to the EUR out of the basket of countries that compose this fiat. Expect some wild moves depending on that German data and do not underestimate the power of patience. I will know my bias after data release - respond to price, do not chase...
I am running some sell limits with tight stop loss to minimize risk (my actual stops may not stay exactly as shown but you need to use stop-loss) because I can see GJ shooting to that upper notated line to take liquid before dropping but I feel that a nice short is imminent. What may happen is the risk-off coming into the market at some point in the near future to...
High-impact data only does 1 of 2 things, every time - rebalance the market or seek liquidity. We are within the high data strike range of this weekly BISI below the price. Marked in the middle is the void mark of this weekly BISI and the measurements of pips from the current price. As we get closer to the data release we will assess price action and the...
Again, it is NFP week and large interest differential in USD and JPY so this is really a risk short, Updating previous idea - I Think it is better to wait for price up here.
The weekly tape gives us a strong indication of more downside printing. I see PA filling the daily FVG into the new indicated mark before beading further down. Trade 1 has been basically fully closed (I do have a small runner left on deck in the strange event it doesn't come back but for the most part, got some good pips from it) Trade safe, secure the bag.
Remember this week we have NFP and OPEC on Tuesday - oil prices will play a huge part in yen moves. Trade safe. better yet don't trade this week at all.
I like the way this is shaping up. We will have to see as we get closer to NFP and of course, don't forget...... NFP :/
I predict at UK open AJ will rally up above midnight algo candle into a PDH LQR (unless it only wanted IT liquid) and then proceed to sell off. Should happen right at UK open. Trade safe, TP TBD - look for it to run 10 /20 pips above previous day high - this would be ideal. ENTRY - 94.510
Waiting for price to retrace before potentially engaging long, we will see how it unfolds over the next couple days.
Looking for price to deliver at the void mark or the fill of the daily FVG+ before a wicked launch northbound off interest rate differentials.
Perfect storm potential here for the long trade of 2022. Let me explain why - But first I will detail the charts analysis. CHART - AUDUSD has done many things to make me start thinking we will see it go bullish, to keep it short we recently have a nice print on the daily and what I see as some promising structure building. I am looking for price to achieve mean...
Don't let it fool you, I am still bullish on AJ due to rate differentials - especially with the RBA rate forecast into 4.80% through 2023 and BOJ stating again they would not raise interest no matter how weak the yen gets. We have AUD cash rate early next week so this week would be the time to get in with the big dogs long and buckle down for a flight to...
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