US Unemployment claims came in under forecast, affirming another piece of the equation for Dollar bulls. Smart Money is anticipating a very bearish outlook for crypto – it could be a cash position moment, or best to stay out of buys until things settle moment, unless you know what you are doing that is. We closed off a GBPUSD trade in profit from Supply & Demand and carry a pending order on NZDUSD with Smart Money.
In the live session we went over Wyckoff strategy and how to spot if price is in accumulation, markup, distribution, markdown or redistribution. This will help you a lot!
Nothing has really changed on the DXY in terms of HTF direction. We still remain bullish. Price is in a consolidation so be careful with trades on majors. It can be tricky.
EURUSD looks like its going to go to our level, we have been talking about for almost a week now. We don’t have any trades on this pair as price has not given us a good setup. However, look for it to continue going lower.
For GBPUSD, we continue to expect price to carry lower until we see changes on the HTF.
On AUDUSD, as predicted yesterday, with the old low. Price rejected that level and gave us a trade idea during the London session – a sell on AUDUSD, a buy idea on GBPAUD and EURAUD.
NZDUSD is still inside a bearish order block so we might see price reject and continue to the downside sometime soon.
EURGBP, price reached our target yesterday at 0.85947. We will be monitoring price from here.
USOIL’s price is in consolidation after taking out the previous week high. It looks like USOIL might drop to ( members only ) . Due to the time of day, we will look to sell short tomorrow during the London session targeting ( members only ).
GOLD is staying in consolidation. We are looking for a buy if price shows us that is moving in that direction. Until then we still remain ( members only ).
BTCUSD is in a retracement on the daily time frame. We are still bearish, so we will look for a continuation to the downside. Price failed to get to the ( members only ) as we experts are looking for short term buys. Price is now expected to drop to ( members only )
Tomorrow is our much anticipated CPI data which should help the Dollar and majors trajectory for the end of December.
And there’s a ton more of currency, crypto, commodities and other indices left to go over, paid members get to follow along with the trader daily inside our trading portal.
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