The NFP will give us a chance to buy The Dollar, we must lookout for an uptrend since the dollar will gain strength against major pairs. FX:USDCHF
The market is heading to the supply after its has tested demand,this is simple Smart Money Concept.
so far so good all our ideas are going well from my 1st post, the market is in a correction phase.am just looking to sell at the daily order block using a smaller time frame for my entry ,patience is key to successful traders.
on the 11th of October i posted the analysis predicting that the price will reach 0.99600,am still looking for the upside position before i sell...we have to mitigate those order blocks.
our last week trades were successful on our 1st profit's ,this week my focus is on CAD/JPY since we reached our order block to sell...don't risk more than 30pips,and lock profits on 50 pips.
we in a bearish trend but here we going to buy the pull back to mitigate those order blocks before we shoot down again.use tight stop loss not more than 30pips.
the market is still bearish since the bears are controlling the price action,but we will capitalise on the correction of the price...use tight stoploss and lock on profits.