DXY is finishing a HTF consolidation and is approaching medium-term key areas. Other USD pairs are also in areas where they could aggressively turn around. EURUSD just finished a H4 3-touch continuation flag and is starting to stall on the 3rd touch, suggesting indecision in the markets.
Considering the news events in the next 3 days, starting today with USD advanced GDP data, we could see volatility kicking in on these key levels. We do need a catalyst to push price into a larger directional move, and we are prime positioned for the next leg. Technically, a breakout in both directions would make sense in these areas. Time to set alarms and be vigilant but not jump into trades too early, considering NFP on Friday as well.
*** **** ****
📈 Simplified Trading Rules:
> Follow a Valid Sequence
> Wait for Continuation
> Confirm Entry (valid candlestick pattern)
> Know When to Exit (SL placement)
Remember, technical analysis is subjective; develop your own approach. I use this format primarily to hold myself accountable and to share my personal market views.
The pairs I publish here are usually discussed in detail in my Weekly Forex Forecast (WFF) and are now showing further developments worth mentioning.
⚠ Ensure you have your own risk management in place and always stick to your trading plan.
*** **** ****
Considering the news events in the next 3 days, starting today with USD advanced GDP data, we could see volatility kicking in on these key levels. We do need a catalyst to push price into a larger directional move, and we are prime positioned for the next leg. Technically, a breakout in both directions would make sense in these areas. Time to set alarms and be vigilant but not jump into trades too early, considering NFP on Friday as well.
*** **** ****
📈 Simplified Trading Rules:
> Follow a Valid Sequence
> Wait for Continuation
> Confirm Entry (valid candlestick pattern)
> Know When to Exit (SL placement)
Remember, technical analysis is subjective; develop your own approach. I use this format primarily to hold myself accountable and to share my personal market views.
The pairs I publish here are usually discussed in detail in my Weekly Forex Forecast (WFF) and are now showing further developments worth mentioning.
⚠ Ensure you have your own risk management in place and always stick to your trading plan.
*** **** ****
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.