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Anticipate A Short Term Rally On The Dollar Before The Sell-Off

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Pairs are developing as anticipated and still holding GBPJPY LONG after a near miss of my stop loss order. I'm anticipating a rally on the dollar heading into Wednesday's trading session as price has now broken out of the range but I do see the rally as a liquidity grab within the 1D Order Block before we sell off as part of a larger correction post the bullish NFP rally.

With this in mind, my bias for Wednesday's trading sessions are as follows:

1. EURUSD - SHORT
2. AUDUSD - SHORT
3. GBPJPY - LONG
4. USDJPY - LONG

Be conservative with your take profit levels as you'll potentially be trading an inducement before the primary distribution for the week.

Feragatname

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