On the Radar…

Strategy and direction worked very well yesterday but today will be a bit more tricky.

  • EURUSD > bears are doing their best to keep euro under 37s with rumors of massive/huge stops above this level. This would imply that one could look for shorts against the level but keeping stops very tight as it could pop hard on the stop hit run but also keep in mind that everyone is dreaming about riding this pair back to the gap fill. I personally do not like these crowded trades, especially when there is so much level protection from the big boyz so will stay sidelined and just take specific short-term set-ups > will be approaching the pair with no specific bias or need to trade it today.

I will try and post something else later on GBP, no promises but still looking bullish to me.

Stay safe 😉

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