$EURUSD 4:1 R:R On A Short Starting in London If I left my Technical analysis on the bord you all would not even be able to see the chart. Even though I'm Bullish on the Dollar overall, I'm going to be bullish on it with 'existing home sales' on the calendar tomorrow. And with Black Rock buying up homes 20-50% above market price, I think we my see the bulls come the dollars way. Plus there's daily Imbalance in the Dollr that I think it's trying to reach. Then we have EUR consumer confidence tomorrow as well. SoI drew my price very specifically by what is already on the board and having 3 target price. after that we have Powell Testifying and who knows what kind of volatility that will bring if any at all so I wnt to be out of the market by 1:00 p.m. and I personally think this is what the chart will do. I'll Post tomorrow to see if My Smart Money Analysis was dead wrong or close to being correct.I think we're headed for target 3 though which will simultaneous hit the DXY Daily Void at 1.8406 - ish, after that I think we're bullish for thee week on EurUsd,, Just not tomorrow. if and only if the DXY is showing a willingness to go after that daily void.
See Chart (The Timing isn't correct since it's on the Daily but I needed to include the Daily void for reference but you get the picture. I'm setting my sell limits now and going to bed, hopefully to some good news.
Let's see what happens.
Good Luck And Good Trading :)
OANDA:EURUSD
