Economic Calendar
It is first week of the month and NFP week. The period of th month can be tricky meaning that I won’t be surprise to see price consolidate or retrace.
DXY
Monthly bisi gonna be key for me on DXY. I see lower prices for the upcoming week. I keep in mind 2 relative equal highs that are left ther maybe for later.
Currencies
Price did not reach my objective and a bullish CISD occured on the Daily chart of 6E. price is not in sync with 6B chart, signs of uncertainty. I’m not interested at all on currency for the moment.
Indicies
NQ « missed » 50% of the range and went up while ES made a bullish OB n the daily chart in the premium area of the range. NOt easy to anticipate higher prices here. i don’t like when prices don’t retrace to at least 50% to anticipate longs. We still in a low probability environnement. we gonna focus on quick scalp with low target objective.
Metals
Price made a smt on lows but failed to push higher. To me it’s sign of more bearishnes. I still expect lower at the moment. Only thing is I got to be carefull because I’ve been maried to this bearish bias last week and It made me loose a lot.
Conclusion
We gonna enter a new month with important news release. this week is defenetly high risk to me. August also use to show less volume in the market that can be slower thant usual.
Be careful every one. GLGT
