EURUSD , back to pre-Draghi speech
Updated
It is almost 100% Sure we will return to the today's session Value zone at 1.0618
We will likely also see the session VPOC again.
If we manage to break that your #2 target should be the top of today's value range at 1.0696 or yesterday's VPOC.
After we correct this move on the continuation of ECB's monetary and asset policy we will consolidate. What is up next is up for debate.
If you followed my previous EURUSD chart you will see that we fell all the way back to the neckline of the H&S I drew there. I didn't short for the full move but this was in my playbook all week already.
Happy trading and be careful with Trumpadelics tomorrow !
We will likely also see the session VPOC again.
If we manage to break that your #2 target should be the top of today's value range at 1.0696 or yesterday's VPOC.
After we correct this move on the continuation of ECB's monetary and asset policy we will consolidate. What is up next is up for debate.
If you followed my previous EURUSD chart you will see that we fell all the way back to the neckline of the H&S I drew there. I didn't short for the full move but this was in my playbook all week already.
Happy trading and be careful with Trumpadelics tomorrow !
Trade closed: target reached
Target #1 reached, did a manual exit as we kept rejecting the target.Trade active
Target #2 is next up , if we 70% retrace downward I might re-enterTrade closed: target reached
Target #2 reached and the yesterdays dump fully reversed before Trump inauguration as expected.Good things happen when you stick to the plan guys !
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