EURO LONG TERM SHORT PERSPECTIVE

6 days ago

Hello Traders,

I will keep this simple and share my point of view for tomorrow. As you can see on the higher time frame, we have a daily rejection from 1.06 and a tap into the weekly FVG with the NFP report. Tomorrow is a big day with the CPI report incoming, which will tell us the direction we're heading in. I expect the CPI to be bullish for DXY and bearish for EURUSD

The important thing is that you shouldn’t go short right now; instead, wait for PRICE + TIME.

With the news coming out at 8:30 AM NY time, I like to wait for a bullish market structure from London to NY on the lower time frames. As usual, we will likely see consolidation before the news. After that, I will mark the buy-side liquidity and set my targets to take profits. The market will likely sweep liquidity before moving in one direction.

Don’t trade the consolidation.

I'm not good with publishing idea's, I am just yapping about my point of view. Alhamdullilah I am making consistent $$$ with trading.