FOMC WEEKLY PLAN - QUICK SHORT - LONG EURUSD

2021年6月12日

It's been a very interesting week for the global currency after CPI results posted a surprising consumer inflation rate of 5%, basically, an increase in the cost of living and the value of the US dollar is less, purchasing power declines when inflation increases. Firstly don't panic, the Bureau of Labor Statistics always overinflates the CPI value and this is no exception, but it won't stop the markets from responding. So why is the Euro breaking down against the USD $ right now, well firstly the EU stated it would continue the EU bond-buying program (creation of more debt), a deflationary action, and next week is the FOMC meeting when the federal reserve will likely state they're going to continue their bond-buying program as well, plus Quadruple Witching. So likely with so much going on next week that there is an increasing amount of profit-taking, selling, so this will be short-lived and yes I'm taking that short down to my entry at the confluence levels at 1.20 when I'll be entering a long (once the chart tells me conditions are correct for that entry).

2021年6月14日

註釋

Be patient with this one and do not dive in, we are not missing out on this trade if it moves north before FOMC, wait for the deep pullback and the correct signal at support

2021年6月15日

註釋

I wasn't expecting this pullback into 1.21 to happen until tomorrow and I'm still expecting to go much deeper down to 1.2, if we broke below that and the bears sell through that with some strength on a daily, then we'll be looking at a potential trend change, but right now that is not the case, we remain bullish until the charts tell us otherwise.

2021年6月16日

交易結束：目標達成

My quick short has been reached, now waiting on support confirmation to trade the long....

2021年6月21日

註釋

Obviously, this and all other assets moved much more than was expected post FOMC meeting, and it was an overreaction if you ask me, so now is the time to wait for price action triggers to confirm support and resistance areas, focus on the weekly, daily charts and only go below to 4H and 1h to confirm those areas.

2021年6月23日

註釋

I'm not trading the EUR as a buyer until we hold support at 1.2, ver long term the Euro has declined so we may now see that continue, important to watch the chart and wait for signals and not trade what we feel but the facts

2021年6月29日

註釋

It's no longer looking like a quick short, Head and Shoulder pattern forming on the daily chart.