We saw a perfect manipulation process of hitting the buy/sell stops of retail traders as news was coming ( Non farm & ISM ) ..
I am expecting that the price will touch 1.28750
Remember : do what the market maker is telling you :) , do the opposite of everybody ,there is the money flow.
If the FED will cut INTEREST RATES for 0.25 basis point we could see a pull from this price and then a big sell ...
This is only for educational purpose.
Trading is risky and its not for everybody.
Go with the flow :D
We have 2 ways 2 go.. either up or down :D
We have an uptrend consolidation that is already 4 a buy position,and then we have a completion of a D Leg of a BAT Pattern.
I hope this was educational.
System : low risk,high profits ( dont be afraid let the trade go as far as u can get -move your stoploss )
: play with S&R 2 make a perfect entry ( always...
Targeting 1.13455 and then a big pullback because of FED's Powell speach.
Looking for geting out of this consalidation period and try 2 catch the train for E/U BULLISH period in the next few month..
I wish you best and dont forget : Manage your money and risk,decrease your loses per trade.Found your own system that work's.
I wrote this in purpose of education and...
- Targeting 1.15515
- Your SL depends on how much u can afford to lose :D
As u can see on 4h chart the 100&200 EMA banded together in one so there is no price movement for this part,and the candle closed little below the 50 EMA.Then on the 1H chart we have candles touching the 50 EMA three times in 5 hours so sth is going on with the direction of the price.