Just an idea, still lining out any other details that could lead other wise.
280 PIPS CAUGHT. However my second Take Profit did hit, looking for possible re entry for the third Take Profit = +100 PIPS.
Expecting a STRONG DOLLAR for the NEXT WEEK or SO. MG = Market Gap W = Weekly IC = Institutional Candlestick
Identified both a POCKET OF LIQUIDITY & a MARKET GAP. Which gives me reason to believe that the market will chase that; therefore going short. Market is indicating a DISTRIBUTING PATTERN. - Late Entry.
Watch for HIGH IMPACT USD NEWS Wednesday 10th June. Identified both an area of large LIQUIDITY & a MARKET GAP - therefore expecting the market to fill the gap and chase liquidity utilising SMART MONEY STRATEGY. USD SPECULATION - Negative = Drop in Currency Value
Been following this pair all week, and belief I huge sell off is about to occur. Use of Technical Analysis to identify idea. FIBONACCI TOOL, BOLLINGER BANDS, MARKET PATTERN/HISTORY, RSI, STOCHASTIC AND SIMPLE MOVING AVERAGE. Overbought ZONE lining up with a Fibonnaci Retracement Point.
Use of SRT to find entry point. Strength Index's showing a OVERBOUGHT zone. Currently on a STRONG UP TREND, waiting for REVERSAL to activate SELL STOP.