Could this be the EURUSD bullish move to rebalance price?
تم تحديثه
As we've seen 
DXY rallying upwards after serious economic struggle I'm seeing price needs to rebalance.
The
US10Y is also showing me signs of price rebalancing reinforcing this idea.
Price could potentially continue higher than the 1.09500 Mark depending on how the election goes and other economic factors but just to be safe I'm looking to hit that price and close most of my bullish positions if not all.
I'm hoping to see the inverse happen on
EURUSD as the past 4 days we've been sitting around the 1.07700 price range. This has come after a steep drop just after liquidating previous highs so a reversal is looking promising to me.
Something to bear in mind is OTE of the range from the 16th of April to the 25th of September of this year; Price has entered this area and is currently bouncing in and out of said area.
Though this is very promising DXY could still rally higher coming towards the election day and send EURUSD bearish.
Happy trading :)
DXY rallying upwards after serious economic struggle I'm seeing price needs to rebalance. The
US10Y is also showing me signs of price rebalancing reinforcing this idea.Price could potentially continue higher than the 1.09500 Mark depending on how the election goes and other economic factors but just to be safe I'm looking to hit that price and close most of my bullish positions if not all.
I'm hoping to see the inverse happen on
EURUSD as the past 4 days we've been sitting around the 1.07700 price range. This has come after a steep drop just after liquidating previous highs so a reversal is looking promising to me. Something to bear in mind is OTE of the range from the 16th of April to the 25th of September of this year; Price has entered this area and is currently bouncing in and out of said area.
Though this is very promising DXY could still rally higher coming towards the election day and send EURUSD bearish.
Happy trading :)
تم فتح الصفقة
Overnight price has come back down to 1.07700 and activated my buy limit, from here price has rocketed back towards a key resistance level at 1.08250, which with technical analysis we can see that it is infact inside of a IFVG.
Currently i'm looking for more longs at 1.08080.
Hoping price comes down to sweep out asia session lows and break that key resistance level
Happy Trading :)
تم فتح الصفقة
Incredible scenes today, If you've been following along I stated we'd see 1.08080 and I'd be taking longs from there. This level was based off of a 5m FVG at 2:20PM NY time.
As you can see price tapped that level and sent us flying into profit straight away. I forgot to mention i was targeting a DFVG from the 16th of October.
I'm very confident on price reaching the original target so I'm holding my original position from 1.07700.
Happy trading all :)
ملاحظة
Afternoon people, hope everyone caught some pips from me today, we ended up smashing the first target i set yesterday from 1.08080 to the DFVG from the 16th of October.
I was supposed to update you all this morning letting you know I was adding another entry from OTE of Asia range. I will be uploading my entry strategy this weekend, so keep watch.
I'm still holding my original position from 1.07700 to the original target shown on the chart despite the sell off that has occured in the afternoon.
Happy Trading :)
ملاحظة
Little update.
Since we've seen massive buying pressure in the markets over the last 2 days I'm looking to take this trade all the way to 1.11000.
After the initial target is met i will be taking partials and leaving it to run.
If i'm expecting a reversal i will update letting you all know to close and secure profit.
Happy Trading :)
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