Disliked{quote} Go ahead and paint my friend because this elevator has risen to almost the top. If DXY doesn't fall below 103.00 then the E/U continues to fall. (IMHO) My long last night "would" have been profitable but I went in too early and got stopped out - serves me right for NOT adhering to my rules. My personal plan is to WAIT until 9:00 am (EST) before making a decision to sell (my bias)Ignored
Disliked{quote} To be transparent the above was a "joke" and I don't have any evidence that the FED will be doing a 0.75% increase - just 0.50% at June and 0.5% July meetings (as per Powell yesterday). After that it will put the US rate at <2.0% and STILL below fair value/normalization. (IMO) The biggest factor is this - What is the main driving force of inflation? In my mind these are the top 5: 1. Energy 2. Wages 3. Food 4. Durable Goods 5. Consumables Here's the problem: Whether it is the FED or other Central Banks all raising interest rates does is...Ignored
DislikedGood morning everyone, I hope you are doing great. Looking at the 1H chart, I think 1.0600 can be a good resistance for today. Today is also Friday, so the end of the week should be noted lol; {image}Ignored
All right, thats it for me today. Cheers all !
P.S next week, Bears really need to decently attack Wednesday low for a 3rd time, or prepare for the worse.
And a 3rd bears failure <05, after such a bulls push >06, would give the green light to consider more serious longs and close old shorts ! 3rd time the charm for bears, or for bulls!? One thing is certain, I am watching 0500 with extra attention next week, if we even get back there !
If I don't mention SL and/or TP = longer-term setup possibly in the works!
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