I anticipate some kind of strength from DXY.
In my opinion, this is a lot bigger trade ( more like weekly/daily ) but I am trading the smaller one here based on H4/H1 time frame.
The decent price gives me a nice opportunity and nice RR - targeting the recent highs.
Just entered here. The price is good and I can place very tight stop loss. If it keeps pushing down I don't wanna be in this trade anymore hence there's no need for a wider one on this.
I will re-check in 2 hours before the upcoming news for USD.
Looking at EUR/CHF for a sell today. Anticipating a rejection from the current move and then if I can grab a slight pullback for a better price or one more push up and then a rejection from there. I prefer the second option but will see how this moves. It might turn out into a decent sell.
I am looking to sell USD/JPY -0.22% next week. Waiting for a good pullback (which looks like it has begun) towards the supply level from H1.
Once I enter this trade I will move stops to zero as soon as possible because the H4 trend that I am looking to trade does not look really good and as it comes to the bigger picture - I will be selling at daily...
EUR/USD idea for the upcoming week:
This pair might start developing a range (taking into consideration the over-extended flow) before resuming or turning around the trend.
I will be looking for short opportunities as a Daily/H4 trade around 1.1750 for 2 main reasons:
- Very strong supply level from the daily
- Top of a range within a strong...