With the action packed fundamental week following the Trump announcement to end the government shutdown, I feel we can see a nice exhaustion into a beautiful continuation pattern following the breakout late Friday. Aligning up with a key sentiment fib level we have a ton of confluence to take this 3:1 outstanding trade!
As explained on the previous ' Publish' you can see the clear fractal pattern influencing the bullish continuation even on the lower time frames allowing for a nice hedge into the second macro position. We will have a powerful third touch here after completing the full 0-1 extension and now we will be seeking the .333 for the exhaustion phase allowing for a nice...
So, I have an original entry on NZDUSD from this previous week (1). I am now looking for the exhaustion phase following the end of the government shutdown but, I'm seeing a hurtful week with Q4 GDP coming up on Wednesday followed by the FOMC and interest rates seemingly increasingly dovish then we have the NFP on Friday as well hitting the trifecta! The Q4 was the...
When The FED cuts rates, Dollar will catch a ton of momentum ...
Price action reigning supreme here for the dollar. We can take a low risk to a higher reward here given the immediate support level broken along with a daily extension. Our next area of support should be the .333 of the given channel extension retest for a possible reversal. At least giving us a nice and clean 1:5 risk to reward swing trade. Telegram : t.me