Looking to see if 2020 price level on gold is a near term low. otherwise it will likely want to go down to 2000. Looking to target the yearly open for usd cpi news.
EUR cpi is showing a slight uptick in expectation. USD nonfarm looks potential for volatility to come in. Since 1.09 provided a bit of a bullish pop. looking for low of day to be between 8-12 pips for low of day going into the London Session. trade safe, trade smart, manage risk
The first position was stopped out. The 2nd was initiated at the same price level slightly larger stop. 75% off
Taking a EURUSD long position at the topside of the nearest weekly structure as support. Target is the july highs.
With Price going higher first taking out last years high near yearly res above. An etf approval date approaching which may or may not be sell the news type of event. looking to fade the up move back to the yearly open for 75% off. trade safe, trade smart, manage risk. respectfully Artisin
FOMC provided the fuel for the 1.085 target. 75% off
Based upon the potential bullish close above a key structure to the left. if low of day is around -.09 to -.15% and tomorrows highs are a target. the long position has been initiated.
The daily gap at 38.7 seemed like a logical place for price to retest once price started to trade sideways under daily res.
month over month was a slight uptick. upon release took the high of day spike to get out and neutral
the 4 hour close presented an interesting close on eurvsusd and dxy. in which sentiment shift maybe due for a retracement up on eurvsusd.
notice in historical price action what no bottom wick weeklies produce upon a retracement up
yearly open target is 1.07ish below. price is pretty close might be a bit magnetic at this point. prior to usd cpi reading on tues.
A yearly close below 1.06 would potentially open up downside risks in 2023.
The long position was closed upon a bearish engulfing hourly and a short was taken at the open. profits taken into 1.073
Since the data on weds was usd poor. Going to go with a market miss for USD NFP and EURvsUSD upside to 1.09
since eurusd is being held below the usd cpi candle. will take that as potential bullish price action into tomorrow to retest the no top hourly above. into tomorrow morning prior to release.
usd cpi expectation have not been released yet. but that being said. risk markets have been moving higher potentially raising the potential for inflationary pressures to remain elevated. oil markets reflect the potential for a cooler usd cpi. fed bets of a pause maybe premature and unsubstantiated. Especially if ECB runs into rate cuts prior to fed cuts. will...
target level close enough. completing the day prior to US equity open. happy safe trading. Artisin.