Physicsbkk

Physicsbkk

Current Market Status: Bearish After the reversal post NFT and the close near the weekly lows technically speaking it is hard not to be. Despite Wed breaking some recent highs all the good work was undone by the market close yesterday. I expect it to attack the June 12th SL and the 1.07 Demand Zone at some point this week but perhaps not straight away It could...

Physicsbkk

Current Market Status: Weakly Bearish Reason: Euro is weaker still from a fundamental standpoint and pair has closed lower for 5th week running. 4hr Demand xzone was mitigated on Monday and no real long term response. However we are running into a Weekly Demand zone and 2 month low which might provide some support. Additionally all good trends come to an end...

Physicsbkk

Current Market Status: Bearish Reason: 4th Weekly Loss for pair, Euro still not looking strong fundamentally, despite Thurs' news and TL breaking Friday pushed through to end week 70 pips lower As i planned for this week price came down to last weeks Demand zone and with the help of Thurs news hit my Tp1 and took all the Liquidity from the 18 Jul TL and at...

Physicsbkk

Current Market Status: Mixed Reason: Weekly losses recovered due to NFP. Dollar weakness more influential than Euro strength Price dropped 100 pips or so from Mon to Thurs but the bearish momentum wasn't particuarly convincing especially with the Break of last Friday's low producing some price rejection. Fast forward to Friday and some disappointing NFP...

Physicsbkk

Current Market Status: Bearish Reason: Strong Bearish PA alongside negative response to news from ECB Price continued to drop this week owing to the largely dovish comments from the ECB on Thursday occuring just after some liquidity was taken by breaking the recent swing high. Buyers were eventualy found at around 1.095 on Friday Moving forward I expect it to...

Physicsbkk

Current Market Status on 4hr : Mixed/Bearish Reason : Unconvinced either way massively but Thursday's move could be the start of something As suspected EU dropped this week after the huge Bullish move upwards previously. Profits were taken and after a failed further move up on Tues Bears took control moving it down slowly at first before Thurs 100 pips drop in 8...

Physicsbkk

Current Market Status on 4hr : Bullish (Weak) Reason: Significant High's taken and Supply broken through Last Friday's NFP wasn't a false move. Even with Monday's relatively minor 30 pip rise by Thursday Open we had broken through 2 high's and were trading in regions not seen since March last year. The CPI/PPI news didn't stem the tide much and by Friday close...

Physicsbkk

Current Market Status on 4hr : Bullish (Strongish) Reason: Market Structure change on 4hr. Big Bullish move "It's a big week with news. I'm relatively new to the fundamentals but these could play a major role in big moves in either direction" While not exactly Nostradamus that's exactly what happened with NFP. Disappointing outcome caused price to break Swing...

Physicsbkk

Current Market Status on 4hr : Bearish (Weak) Reason: Weekly and significant low broken indicating change of trend complete. However i'm not too convinced due to pretty strong Bullish move up immeaditely (Bullish Engulfing) after with good volume Would have liked to have seen a slower more gradual move up. Nothing is ever easy in Forex It's a big week with news....

Physicsbkk

Current Market Status on 4hr : Unknown Reason: Trendline broken + Big move CTrend Possible Outcomes 1. Reverses of most recent Imbalance Very Unlikely 2. Reverses off Supply/Order Blocks and hits monthly low Decent chance 3. Breaks through Swing High and moves towards Yearly High Decent Chance Ranging structure is good for Asian Liq Strategy Wonder how Breakout...