Yeh that was the only worthy setup so far in early London, not much else on horizon. Was looking on German equity index (correlated play to DBK) for bull play after a ramp from the open but nothing to be delivered.
{quote} Yeh that was the only worthy setup so far in early London, not much else on horizon. Was looking on German equity index (correlated play to DBK) for bull play after a ramp from the open but nothing to be delivered.
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Hi
I am having one eye on EURCHF M15, what do yout think? building micro shelf atm
USDTRY target baked, didnt enter a play though, not a very convincing momentum ahead of it. The H1 play is the main one to focus on whenever it gets baked in next days.
USDTRY target baked, didnt enter a play though, not a very convincing momentum ahead of it. The H1 play is the main one to focus on whenever it gets baked in next days. {image}
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H1 could be explosive play because its backed by a larger macro and has directional bias from 2 additional fundamental macros. Depends how much more will structure tighten for where the entry should be considered but for now X.875 remains as main one, once if it gets there the eyes are on micros to catch for best possible RR, which could be over 20 R if this setup gets baked.
All previous 4 M15 / H1 short term macros in last 2 weeks have delivered, chances are this one might too.
Was looking at oil and suddenly something like a clearout happened. I don't have a realtime news feed for oil so not sure whether it was news cuz that drop was quite intense.
Was looking at oil and suddenly something like a clearout happened. I don't have a realtime news feed for oil so not sure whether it was news cuz that drop was quite intense.
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The move on Crude was due to news, on crude those spikes are pretty much always due to news and often can be non-planed news events tied to geopolitics.
Mind however if you were looking to long this is not the structure to be playing it. There was no indication of momentum into supply, if anything it was completly weak, this was more of a short than a long consideration.
Also on a side note Crude is still in larger bear macro (ploted with soft red color on the chart) which is fundametnally driven and i pointed out already 2 weeks before that most news in July are likely to be Oil bearish due to Saudi actions / deal in June. For some weird reason markets havent priced in fully yet bear data for July which is weird because its a very plain obvious statement from both US and Saudi that production numbers will be bumped up for the month, but maybe markets didnt believe it up to full extent, certainly price action in June is pointing towards that.
(binned per thread starter's request) Market bottom rotation trad
