Long

✨ MODIFICATION: EURUSD ✨ DAY TRADE (4H/80m)✨

Updated

SLO @ 1.1085 (80m)
TP3 @ 1.1055 (closing ALL Buy Orders)
TP2 @ 1.1020 (shaving 50%)
TP1 @ 1.0980 (shaving 50%)
BLO1 1.0945 📈
BLO2 1.0915 ⏳
-SL @ 1.0905 🚫

Trade active

GBP News @ 04:00 PT / 07:00 ET
USD News @ 05:30 PT / 08:30 ET

✨ ANTICIPATORY ANALYSIS ✨

I'm anticipating the upcoming GBP News will positively impact our trading strategy. And with the USD News immediately after, Price Action should give us a favorable response.

The data suggests that the GBP is currently undervalued in relation to the USD, and with the upcoming news expected to strengthen the GBP further, we can speculate a rise in its value. This presents a prime opportunity for us to capitalize on the market and gain some profit.

As of now, I'm firm on our trading strategy and remain bias towards the upside. Let's keep a close eye on the upcoming GBP and USD News while managing our positions (within 2% to 3%) and keeping our fingers on the trigger against a significant loss.

📈 ANTICIPATORY REACTION
EURUSD up from ~1.0920 to 1.1020 📈
GBPUSD up from ~1.2566 to 1.2633 📈

Note

I'M BACK IN THIS TRADE!!!!

USD News @ 07:00 PT /10:00 ET

🔥 Friday News can prove to be IMPACTFUL!!!

🚫 PROTECT YOUR PRINICIPLE

The University of Michigan Consumer Sentiment Index, releases around the middle of every month and surveys about 500 consumers in the United States. The survey asks respondents to rate the relative level of current and future economic conditions and their financial situation. This index is a leading indicator of consumer spending, accounting for most of the overall economic activity.

Two versions of this data are released 14 days apart – Preliminary and Revised. The Preliminary release (i.e., this one) is earlier and thus tends to have the most impact. Traders care about the Consumer Sentiment Index because financial confidence is a leading (or preliminary) indicator of consumer spending. When consumers are confident, they are more likely to spend money, which can boost economic growth. Conversely, when consumers are unsure, they are more likely to save money, which can slow economic growth.

The University of Michigan Consumer Sentiment Index, is a valuable tool for traders and investors because it can help them to predict future economic activity. By tracking the index, traders can understand how confident consumers are and how likely they are to spend money in the future. This information can be helpful when making investment decisions and trading financial assets.

Note

EURUSD
TP @ 1.0990
MO LONG @1.0888
SL @ 1.0877

ProfessorCEWard

Professor C. E. Ward

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✨ MODIFICATION: EURUSD ✨ DAY TRADE (4H)

by ProfessorCEWard

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