USDCHF, Continuation Longs - FOMC Ahead
Updated
Good afternoon gents,
With FOMC coming up at 7pm today BST, we can anticipate a huge injection of liquidity in the market place.
At the end of the day, most news is just used as a facade to complete the market maker cycle, driving price to their next objectives.
On days like this, the market looks relatively static without much movement taking place....but if you look closely at the details, you can see exactly how and where retailers are being trapped in their positions.
Today is a hunting ground, and retailers are the sheeps we hunt.
We have multiple positions working out nicely, working for FOMC catalyst to further drive price towards their TP.
We already have an entry on USDCHF, this is merely a continuation trade to take it up to the final target....The Monthly Void.
If you know, you know.
If you don't, follow along on this fun adventure we'll embark on as USDCHF ends its Bearish Cycle and commences its Bullish Cycle for the year :)
- AmplaFX
With FOMC coming up at 7pm today BST, we can anticipate a huge injection of liquidity in the market place.
At the end of the day, most news is just used as a facade to complete the market maker cycle, driving price to their next objectives.
On days like this, the market looks relatively static without much movement taking place....but if you look closely at the details, you can see exactly how and where retailers are being trapped in their positions.
Today is a hunting ground, and retailers are the sheeps we hunt.
We have multiple positions working out nicely, working for FOMC catalyst to further drive price towards their TP.
We already have an entry on USDCHF, this is merely a continuation trade to take it up to the final target....The Monthly Void.
If you know, you know.
If you don't, follow along on this fun adventure we'll embark on as USDCHF ends its Bearish Cycle and commences its Bullish Cycle for the year :)
- AmplaFX
Trade closed: target reached
I need not say more. Target hit. This position is closed.Our position from the Low of the Year is partially closed @ 25%.
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