03 April 2023 | Trade daily outlook
Daily Timeframe
1) Friday close was not not below Thursday's close in which for this week price created an uncertenty to sell
2) Price did not break the most recent high respecting on order block created in December (This is the second time the order block gets respected)
3) I am anticipating price to sell (Weekly bias is Bearish unless price breaks the order block in which the block has been tested 2 times)
Conclusion: Since price on Friday closed bearish on an order block I am anticipating to see the market selling however considering the power 3 or market maker weekly cycle I still need to see this weeks Accumulation. Dynamic Imbalance and Distribution in which during my entry setups I will inlcude.
Fundamentals I am anticipating
Monday 12:00 CBI Distributive Trades Survey
19:00 BOE Bailey Speaks
Tuesday 01:00 BRC Shop Price Index (YOY)
10:45 BOE Members speaks
13:00 BOE Quertely Bulletin
Wednesday 10:30 Mortgage and Consumer Landing
11:30 Mortgage Market Index
Thursday 14:00 BOE Inflation Latter
Friday 08:00 Inflation QoQ, Business Investment....
The above news events are high impact events in which they might affect price
1) Friday close was not not below Thursday's close in which for this week price created an uncertenty to sell
2) Price did not break the most recent high respecting on order block created in December (This is the second time the order block gets respected)
3) I am anticipating price to sell (Weekly bias is Bearish unless price breaks the order block in which the block has been tested 2 times)
Conclusion: Since price on Friday closed bearish on an order block I am anticipating to see the market selling however considering the power 3 or market maker weekly cycle I still need to see this weeks Accumulation. Dynamic Imbalance and Distribution in which during my entry setups I will inlcude.
Fundamentals I am anticipating
Monday 12:00 CBI Distributive Trades Survey
19:00 BOE Bailey Speaks
Tuesday 01:00 BRC Shop Price Index (YOY)
10:45 BOE Members speaks
13:00 BOE Quertely Bulletin
Wednesday 10:30 Mortgage and Consumer Landing
11:30 Mortgage Market Index
Thursday 14:00 BOE Inflation Latter
Friday 08:00 Inflation QoQ, Business Investment....
The above news events are high impact events in which they might affect price
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