Potential setup. I will wait and confirm on the LTF. Have not posted in here for a long time. Been working on myself. EURUSD is by far my best pair and I will be paying close attention to it for the next couple of months.
Don't overtrade. In fact, don't trade. There is little to no volume in the market. Come back tomorrow stronger. Always preserve your capital. Have a great day.
PART I. You name it, adaptive, reactive, flexible are all synonyms for the same thing. The IMPORTANCE of trading psychology is pivotal to a traders' success. For example, in this chart, you can see I am looking for longs and shorts. The KEY thing is I don't have a bias. Having a bias can cloud a traders' vision. When the price arrives at one of my level's I...
Trying to find support and use this zone from my previous markup. So far lower timeframe is accumulating.
I will be looking for a GJ pullback to the red or grey zone here. This will give me a good chance for the pound to gain strength after the market close to set us up for the buy assuming dollar weakness.
With gains in futures today and positive earnings for tech giants, I am expecting NAS to continue to the upside near the end of the evening. Depending on who wins or is looking like they are pulling ahead we could see many shifts in momentum. So far I am holding.
Price Action has been interesting with other economies presenting certain clues for direction. Overall I am bearish on GBP pairs. Just looking for my entry.
With a break of structure and some heavy news coming out this week for GBP pairs, we can see some major moves this week. Let's work.
I know USDCAD will dump, but when.... With cases rising in the US we can see this likely happening this week if not next week. Something to watch.
Potential upside move if price action will support.
It is clear gold is approaching very critical levels because they have not been tapped into for some time. I am overall bullish on gold however, for short term purposes we could see retracements at one of these levels for correction moves. Watch for: 1765 1760 1754 Waiting to see some fundamentals this week for further direction.