Posting here as well. I did USDCAD, but this time on 1h chart – using your Patterns Bobby. I chickened out and was kind of dissapointed by myself, until I saw next bar I know – only that one bar that follows the pattern – you are right. Took 15.8 pips
I did USDCAD, but this time on 1h chart – using your Patterns Bobby. I chickened out and was kind of dissapointed by myself, until I saw next bar I know – only that one bar that follows the pattern – you are right. Took 15.8 pips
U.S. stocks fall as Fed convenes, euro wavers as Germany passes debt reform
·        Israeli strikes on Gaza revives Middle East tensions
·        U.S. housing starts, industrial output surprise to the upside
·        Safe-haven flows keep gold above $3,000
·        Wall Street turned lower and gold surged to record highs on Tuesday as Israeli airstrikes on Gaza revived geopolitical jitters and the U.S. Federal Reserve gathered to discuss monetary policy amid growing economic uncertainty.
·        A vote by Germany’s parliament to overhaul government spending caused the euro to waver, although it also sent European stocks higher and boosted German shares to near-record highs.
·        Even so, all three major U.S. stock indexes were lower in early trading, with weakness in tech-related megacap stocks dragging the tech-laden Nasdaq down the most.
The Trump administration’s new policies are causing significant economic volatility in the U.S., making it difficult for the Fed to assess the situation clearly enough to adjust interest rates before late spring or summer
There are challenges posed by multiple sources of uncertainty, including tariffs, trade policy, unpredictable inflation, declining consumer sentiment, immigration policy’s impact on the labour force, energy policy, tax reforms, federal spending, and geopolitical tensions.
Tariffs are likely to result in higher prices for American households, who are already grappling with elevated costs.
The Federal Reserve’s next policy meeting is scheduled for March 18-19.
EURUSD seeing some late European buying… perhaps in anticipation of positive comments from the Trump-Putin call… whatever the case, the bounce came from support at 1.0900…
Price has pulled back aggressively, EURUSD is still Bullish on the higher timeframe, RR is inverse 2 to 1. Probability is 75% risk 2% of your capital, this is a value trade