EURUSD 22 SEP 2020 - Volatility ahead?

已更新

We get to resistance in early morning trading and the spot is on 1.1730 level within eurusd and 93.80 within DXY.
EURJPY still leading the way with main targets still lower, aprox. 1 big figure imho.

Not legal and financial advice; any information provided here is only the personal opinion of the author.
Cheers!

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May be I'm wrong with it, but the story on macro can just begin today.

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Market do not want to go lower then 1.1720... well, we have two option anyway.
Still bearish under 1.1770, but we can get a spike if broke above.

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Yesterday was very bad stonks, but they as usually buyout to the close.
Today is Tuesday. And as everybody is dump one dumper today or let say smarter then me or others, never mind overall, so today is turnaround tuesday day. It will play untill everyone will not start to play this theme.

the theme is easy - buy the close of etf s&p500 at the end of monday if monday close is lower then friday close. Fix the open position at the end of tuesday.
It is heavy metal simple, but average profit is about 4.7 pct cagr with win rate around 60 percent, max drowdown 0.37... The most interesting part that it works still. So, I do not want to say that it will today 4 sure, but it can again and we will get spike in eur ag usd, as fiber today correlating with stocks.

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We are clearly waiting U.S. presidential elections, then imho they will finally forget to support and pump stocks market and we will enjoy free fall from the highs. But as usually this is not 4 sure... :))) Anyway, I hope we will be prepared 4 every new trick.

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This is as usual ... I can not resist such strong levels as 94.09
It is a game changer for me on daily. If it breaks up I will jump on retest, if not I will be angry that I did not close such nice shorts in profit. I was patient more then I can imagine already.

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