Get ready for potential change of direction and James16 traders to get the shirts ripped off their backs.
Markets seem happy with our new dictator. I think a sweep of stops and rally into rate news tomorrow is possible.
This is what I would like to happen. However, price action has been lame so far today.
Stophunt into a daily Lego block. Look for lower timeframe short entries
Lower timeframe for entry I'm wrong if purple block is broken up.
4 hour chart still playing out as tweeted on 5th July. If we get a run on stops, here's another opportunity to get in on the 15 min.
So maybe we create some more stops to be taken out at NFP. Interesting...
Favouring downside as there's a shedload of stops beneath each swing of the trendline. Still a possibility we could have one more run of untouched stops.
Possible FTSE scenario with blundering Boris leading the good ship UK.
This is a bit in hindsight, but shows keeping it simple works best