Well, here is my plan for today: Asia will finish what NY started, and we will start selling again until we reach the support level of 1.1572.
Don't fear risk; fear your ignorance.
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DislikedGenerate liquidity Hunt liquidity Rebalance inefficiencies {image}Ignored
DislikedAbove 1.1577 it’s technically still a long, but the pair remains inside the down-channel that’s been intact since late September. To break out, it needs a close above 1.1627 today, 1.1624 tomorrow, etc. — sustained trading above that zone would be required to flip the broader structure bullish. I’m staying cautious; I trade the chart, not my wishes. There’s a bit more upside room, but it’s getting tight. A sustained move above 1.1620 could open the door toward 1.18 and then 1.19 on the daily. But short term, I’m still leaning bearish as long as...Ignored
DislikedQuick H4 Outlook Today all I care is 1.1608 area resistance... I will stay a seller and watch what happens around 1.1579 area... I will avoid buying dips for today because I expect further bearishness as long as 1.1608 resists. (and I anticipate it will keep resisting) {image}Ignored
DislikedI feel it is my responsibility to share this with you, colleagues. Since the day before yesterday, I haven't been able to stop thinking about interest rates. In December 2024, rates fell, but the dollar strengthened. Now, on December 1, the Federal Reserve (Fed) will remove quantitative tightening (QT). Then, on December 1, 2025. The Fed will stop reducing its balance sheet (assets in Treasury bonds and MBS), which means +assets -liabilities for the country. QT has been “absorbing” liquidity, which has made financing more expensive for the government...Ignored
Disliked{quote} Played out just like I was thinking, did get 14pip down move within the hour unfortunately had to sleep early so was relying on a pending long order which it missed by 5pips but not a big deal, did go up into my retrace zone a bit higher then expected but nonetheless my shorts are entered and will see how it plays out tonight.Ignored