Welcome back to the Weekly Forex Forecast for the week of Aug 25 - 29th.
In this video, we will analyze the following FX market: USD Dollar
The USD has been weak since the start of August. It took a huge move down Friday with FED Chairman Powell's dovish take on rate cuts.
So, this market is is not one to take buys in.
However, we are still in correction territory, looking at the Monthly and Weekly candles. Be mindful that the market can find support at current levels, even though it has been bearish for 7+ months. The Swing Low has not been violated as yet.
Be cautious. No buys are justified without a Bullish BOS. Sells are the best best, but keep your head on a swivel!
React and do not predict.
Enjoy!
May profits be upon you.
Leave any questions or comments in the comment section.
I appreciate any feedback from my viewers!
Disclaimer:
I do not provide personal investment advice and I am not a qualified licensed investment advisor.
All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies.
I will not and cannot be held liable for any actions you take as a result of anything you read here.
Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
In this video, we will analyze the following FX market: USD Dollar
The USD has been weak since the start of August. It took a huge move down Friday with FED Chairman Powell's dovish take on rate cuts.
So, this market is is not one to take buys in.
However, we are still in correction territory, looking at the Monthly and Weekly candles. Be mindful that the market can find support at current levels, even though it has been bearish for 7+ months. The Swing Low has not been violated as yet.
Be cautious. No buys are justified without a Bullish BOS. Sells are the best best, but keep your head on a swivel!
React and do not predict.
Enjoy!
May profits be upon you.
Leave any questions or comments in the comment section.
I appreciate any feedback from my viewers!
Disclaimer:
I do not provide personal investment advice and I am not a qualified licensed investment advisor.
All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies.
I will not and cannot be held liable for any actions you take as a result of anything you read here.
Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
Note
Note
Note
If you jumped into sells from the Open of the new trading week, you were not paying attention to my forecast! I mentioned to be mindful of the fact that price is still in correction territory, and can find support for higher prices at the 78.6 fib. I also mentioned that the Fed Chair's news candle is built on a market reaction. So it is not the kind that structurally strong... to see the huge FVGs respected.Today went a long way towards the buy side liquidity at the top of that news candle.
The Daily TF shows the market allow the formation of a bearish FVG.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.