Currency market to have a temporary rebound!

Since GOP decided to pull the finger firmly out of their arses, I strongly believe that next week dollar will weaken ever so slightly, given other currencies a bit of reprieve!

Given that GBP is the strongest out of the Euro/Pacific currencies at the moment, I believe that Cable has the biggest chance to bounce to the next supply zone, where most likely it will be shorted!

Pay attention to the supply zones and news this week around the dollar and trade wisely, if it breaks the bottom supply zone, it's a big short and the market will truly sell off.

Комментарий:

Looks like GBP is starting off with a good footing, paying close attention to any news that may arise from GBP or USD to confirm price action... given that Powell is speaking today, it may move the market dramatically.

Комментарий:

GBP is reaching the supply zone, interested to see what it does there, watching 5 - 15 minute chart at the moment for any signs of life, at the moment it's a waterfall selling which is a bad sign, if it breaks supply zone, GBP is going to be sold hard.

Комментарий:

GBP barely holding the supply zone, I may expect currencies to bounce from this level, if not, sell off continues until fundamentals change on the US side.

Комментарий:

JOLTS number will really move the market, I advise to stay away until the number is released and wait for the initial move, but a potential long for GBP as it's highly oversold!

Be careful, oversold doesn't mean it cannot go lower as we saw with gold!

Комментарий:

Back above supply zone, Jolts number participation was at 30%, absolute BS, ADP is showing true colours of how the economy is doing when it comes to small businesses.

Сделка закрыта вручную:

Trade closed, happy with over 100 pips profit on the move.

Сделка закрыта вручную:

if you are looking to become a profitable day or swing trader, reach out in direct message to find out more!