Re: Weekly setup week 37
Reason:
I think 1.6085/90 will be a perfect BUY opportunity.
I will come back to this part. I think we have set a longer term low.Hopiplaka said:There is some downwards potential still I think, Asia hit the OTE of yesterdays swing right during 00GMT.
So this will be the judas swing probably, we'll see what 5GMT gives
Reason:
- We hit the 50% level of the weekly order block
- seasonal tendencies. Mid september is strongest buying in GBP
- Divergence in yields between 5YR and 30 YR. Higher yields=higher currencies
- Need to fill the gap
- Cleared lows of Monday, rejected. Big moves happen after stops were cleared
I think 1.6085/90 will be a perfect BUY opportunity.