Liquidity was taken at 1.2834, 1.2890 seems like a easy grab, I like the long today. Monday's are very hard to trade as they don't trend but gather more positions for the weekly move. Don't be greedy, be smart!
When the cable and euro have gobbleded up most of their ADR prior to the US session. The Loonie can offer a opportunity.
Where does one enter if they are long and trading the NY session? The ADR will show what is left in a move, where to exit and enter it is the only tool I use. DXY news at 0830 est. look for a pullback to the 50% area and a confirmation candle to enter long set your TP between the 75 and 100. Don't be greedy, you only need 20 pips a day! They know that greed and...
Liquidity will be swept at 1.2800, if there is a close back above then the uptrend will resume. It is never as easy as you think, DXY weakness yesterday followed by strenght today, ask yourself what has changed? The Euro is on pause and so is DXY cable is next to show it's hand. Do not predict or anticpate, form a idea and wait for it to be proven right. If you're...
This rate hike is already priced in. If the presser signal further hikes, then the DXY will rally, if not expect weakness to resume. Me thinks weakness is the path of least resistance.
A break above 101.08 put DXY bulls in control with the gap as the next target.
Liquidity grab at 1.2880, next stop 1.3050 then 1.3150. The long term trend is still intact and that is created by CB and MM.
The pair has gotten ahead itself and fresh liquidity at 1.1130 is where liquidity lies. Wait for a push lower than a move higher.
Stand aside until the CPI news is digested and the MM have set the trend for the day. A position prior to this is a gamble at best. Be patient, let them you move markets make the moves and you follow. We may see dxy strenght today which inturn would set up for shorts to close the week
Look for a continuation of Euro strenght, a sweep of liquidity at 1.0990 would be a good entry if price action supports it. 1.1094 is the next leg up.
Price action says it all. Wait for the dust to settle. Pick your spot and get in and out.
A triple with a bounce, look for longs to continue. A sweet of liquidity at 92 is not out of the question. A break below opens up the downside. One must has have conviction whilst remaining flexible. Don't be greedy or fearful. Just flow with the tide and use the winds for power.
Where is the liquidity? It was swept at 1.3280, doesn't mean it won't sweep again but me thinks its done for today at were short. Be patient and look for pullback to get short.
Just another simple trade, looking for liquidity. Today, I favor the downside liquidity at 157.48-50. Get in and get out.
Pretty obvious trade ideas. Wait for the move then participate. Follow the movers, don't predicate just tag along.
Long at 1.0831 from the pullback, EU has been in a uptrend and I am targeting liquidity at 1.0909. SL 1.0805. With a risk to reward of 4-1. Furthermore I am looking to add to the position at a break of 1.0850, then a pullback to that area. Remember to always add to winner and losers average losers.
The down movement has been gathering steam for a few sessions, from technical view the Doji at support along with a possible bullish rejection candle coupled with rising oil prices from the fundamental side provide a thesis for the short. Enter short at 1.5662 sl 1.5690 TP 1 1.5575, TP 2 1.55