Tuesday, August 22, 2023

Pre London TPOT Aug 22

Today is no News day so we may expect early movements for FX.



DXY BIAS is Downward as there is no follow through NFT upside. We will favor more for trades inline - Long GBP, EUR, Short CHF.
Note though that price is already near the bottom of the range



EURUSD is NFT Upside thus we look for sells 

Swissy is still NFT and Bias is still short but we are in discount.
Possible to look for buys counter trend since we are in a bullish momentum.
Depending on where price is later, we will trade accordingly.



GU is Unconfirmed but still has that bearish momentum given higher highs have not been broken



For this session given the above, we focus first on NFT EUR shorts as they are the cleanest setup with momentum also to shorts.

UPDATE: EU breached 4H high so no trades.
we will only have Swissy to monitor and trade

UPDATE 2:
Swissy Long Trade Taken Counter NFT pro Momentum Upside.
TP Hit +3




GU Long Trade FT
SL Hit - 1

GU Long Trade FT taken near close of NY KZ - it took the full range to reach the 1:3 but let's see what will happen

Still Open




Net Weekly BE 0%


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