EURUSD I wanna share a SUPER simple strategy yet it will change your perspective and even improve your profit massively if you master it, it is called the ORB. Just mark a line of high and low between 9.30 and 9.45 NY time.
observe how the price consolidates on or inside of those lines.
After NY's liquidity grab post NFP, we see price creep back up towards the highs very slowly due to the low liquidity situation with London COB.
Price is observed to be still bullish on the HTF with no structural break to the downside, bouncing off both the 1h and 4h FVG. On the LTF, we observe that price bounced off the 15m FVG after tapping into the 15m demand OB, signifying bullish pressure still.
As discussed, the EQHs at the top, coupled with London high, is now a HUGE liquidity pool. We also have another intermediate liquidity pool resting above NY high. Price will, with high probability, be magnetised to those liquidity levels to get to the upper supply OB, or even run through to the previous high. This should logically happen over Frankfurt/London (note that it's a US holiday today).
I don't trade Fridays. The loaves will be with you in spirit. Breadspeed.
EURUSD If I lose on this short. I'm betting against America his entire presidency. if you kills the dollar like that what are your tariffs really doing? Aren't you giving everyone a discount every cent it goes down? Soon they will be paying Biden prices. It don't make any sense.
EURUSD usually a descending triangle means this thing is about to crash. but the forex markets have not cared about yourr technicals, your patterns, your engulfing candlestick... the news. MACD a liar, rsi is a liar. make the plan, execute the plan, expect the plan to go off the rails, throw away the plan.