- most likely bearish following previous employment rates
- buy set lower than current price as market will tend to go the opposite direction
to the expected direction before making the big
move
This trade is worth taking if the following happens
. If Interest rate increases < expected
. If news is less hawkish than expected
. If bullish news for EUR occurs - e.g war outlook improves - drought worries go down
Will post a trade plan for bullish usd news soon
We are at a really strong support line for BCO, this might be a good time to get in a long position for bco in anticipation of winter and energy problems.
Main Reasons:
RSI is way more oversold which increases likely hood that it will reject.
Russia-Ukraine war.
Winter Is coming to the Northern Hemisphere and energy prices will go up.
You know nothing Jon Snow.
honestly i saw this coming, all trades green today as i predicted the bullish news for the dollar. The lower inflation news wasnt that sexy, but market rode off the hype and it always has to correct itself.
so ya boy came through wit the fattest short on all x/usd pairs today and made le bank.
I've linked the two other trades i made today - both profit which you...
Guys i am the pip messiah. USD is too bearish right now, eat this correction and watch it go to the golden zone. IT ALWAYS TARGETS THE 0.5/0.618 ZONE WHEN RETRACING IDK WHY but theres where my tp is set. Not getting the trade yet and will wait for some retracement. In the meantime ill be trading my GBPUSD idea tomorrow morning. See you zesty ahh mfs tomorrow.
With all this bearish news for USD people are forgetting that the quid is hella weak. the BOE will probably raise interest rates again but the economic outlook for the pound is so much more bearish than the dollar. everything here is going up and it seems like high rates of inflation are here to stay. everything in london is so expensive.
Three tests and no break through combined with the fact that it tested the golden zone. SL is well above the 50 EMA. Two Take Profits for the two key levels previously indicated. All in all, a solid trade.
