DELSU MTL COMMUNITY

Ok, judging from a fundamental point of view, I'd say this is the result of the ongoing tension between USD and Iran, investors are pro'lly having the mindset that USD is going to depreciate in the meares future and are currently selling all their USD denominated assets

But speaking from a technical approach, I'd say most USD pairs where USD is the quote has probably hit a key support lvl and is now rallying upwards or it could just a move to grab liquidity from a sell-side liquidity zone depending on the pair

Foe instance, look at the lvl I marked out on GU

Tho I'm not actually taking this trade, but if you plan on going long, I'd advise you to watch out for that lvl as it's a countertrend trade

Oh, ok

Yes that's the absolute truth

Have gotten this set-up on GBP. Using confirmation entry and it is ditching

Wednesday fed expectation anticipate rate to remain the same reports says 80% of us company did well in revenue more than expected what matters now?

if fed will hint rate cut by September then is dovish statement and it will pump Gold ,& btc

If he sounds hawkish cause of middle east war uncertainty then market react bearish

But in long term market in for come back sooner than expected

Seems like the previous move was just a manipulatory move after all

Full TP. On GBPUSD. There is sth I noticed so far. Confirmatory entry works best on GBPUSD than EURUSD.

Indeed it was a manipulatory move..... I hit SL on EURusd & BTCusd . But it later works out. I used confirmation entry on btc , gbpusd and eurusd. My lost two and made gbp.

For three weeks now.i observe sth . Confirmation entry work best on GBPusd than on Eur usd and also EUR controls the move of GBP . I think so.

One doesn't really control the other per say but they're both under the Eurozone

It's not really about confirmation. It's about market volatility

If both are under Eurozone . Is more like saying that eurusd controls gbpusd.

Explain more bro.

Ur setup on GI ended in a TP because there was enough volume in the market to carry price in ur direction

However, the reverse was the case for EU