AlvinBaking

AlvinBaking

EUR/USD has shown a Bearish Structure Break. Currently on the Daily Support and Resistance zone, and expected to chop within the zone until Thursday where ECB Interest Rate Decision will be released, forecasted at 3.4, lower than previous 3.65. Simultaneously, The US Retail Sales MoM will also be released with a forecast of 0.3, higher than previous 0.1 The...

AlvinBaking

RSI Divergence on Daily TF shows slowing down of overall weekly downtrend. May sweep the bottom range of Daily FVG (0.8560) after Fed Chair Powell gives his speech, and release of GDP Growth rate QoQ Final on Sep. 26. Then may dive down for the manipulation (0.8350) to sweep bottom liquidity before the bullish distribution in the coming days until next week to...

AlvinBaking

Possible Short as Weekly Pullback before it rally back up. Wait for Monthly CPI on Sept.25, where the forecast is much smaller than previous. Confluences: Weekly Liquidity has been broken + RSI Divergence on Daily (3rd Liquidity) + Monthly CRT is possible developing + Weekly FVG

AlvinBaking

Possible Short RSI Divergence + Liquidity Reached + Weekly and Daily FVG Wait for RBA Interest rate on Sep 24