Relief Rally ↗️ with Inflation Data as Catalyst
Updated
💡This is a trade Idea inspired by this past week's bullish pin bar candle closure. The NFP and Inflation data catlyst for a higher timeframe pullback also supports this. Expected reduction in inflation from 3.7% Yoy to 3.6% Yoy during this week's news release also supports this. Two weekly candles holding/closing above 1.054-1.057 supports this. Flipping to Bullish Market structure on the Daily timeframe supports this. We have many confluences and you see the point.
Note
Retail Sales Data Price Action Breakdown Buy opportunities
on 10/17/23
Trade closed: target reached
We are nearing our take profit level at 1.069 and anticpate it to be touched in the next Asian or London SessionsTrade closed: target reached
Trade closed: target reached
Trade closed: target reached
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