After the weekly close last week on EU I am looking for it to continue bullish off the yearly open price. Might even re-accumulate a little lower around 1.3500 big figure. I for-see a major correction coming and CPI this Thursday could be the catalyst to sustain this rally.
Everyone thought I was crazy for selling short EURUSD after the H4 bullish close at 9AM durning NY session. It was a perfect strom. They wanted to go short but they left an area un balanced knowing they'd need to fool retail. Looking for a minor correction and further downside. The stage has been set.
GBPJPY created the daily low during London open by capturing sell side liquidity. It then closed a HHHC (higher high higher close) on the 4HR during NY session giving an optimal trade entry on the pullback. Price pulled back and re-accumulated on the 1min tf and never looked back. Target is the price imbalance that rests above on the 4HR. Now short term, order...
The USD has been on steroids lately and here is why. Fundamentally it doesn't make sense with all these trade wars going on and all this non-sense. However in this messy environment there is a bit of order. As a harmonic trader I use patterns to give me a better sense of where price is going. We have put in a Bearish Cypher on DXY. We have broken and closed above...