Key Levels
Bearish – FVG High 91.49
Bullish – OB 90.90 … next Imbalance High 90.36
Bias – Bearish to consolidation
H1
Key Levels
Bearish – OB 91.25 (Also Weekly Open) … next NYMO 91.34
Bullish – OB 90.90 (Daily)
Daily … Price almost reached the Daily FVG high yesterday and has steadily moved lower ever since. Looks like price wants to reach for the Daily OB at 90.90. This level was hit once 3 days ago. So it may not hold up if price reaches this level again. We could see price move back up to consolidation as we await NFP Friday. I will watch to see if we can a retrace up to a resistance area, but not expecting much today.
Key Levels
Bearish – OB 1.2151
Bullish – OB 1.1952 (Weekly)
Bias – Bullish
H1
Key Levels
Bearish – OB 1.2053 … next OB 1.2080
Bullish – Weekly Open 1.2020 … next NYMO 1.1999
Daily … Price moved up to the Hourly OB at 1.2053 during the London session and has found resistance. With the expansion higher, I will be looking for price to pull back to the at least the Weekly Open and then possibly moving higher. If higher, I will be targeting the Daily FVG above 1.2080. Price could also consolidate today in anticipation of NFP Friday.
Key Levels
Bearish – 2-Day Prior low 1.3932 … next FVG High 1.4141
Bullish – OB 1.3687
Bias – Bullish to consolidated
H1
Key Levels
Bearish – NYMO 1.3911 … next MB 1.3934
Bullish – Brkr 1.3834 … next Weekly Open 1.3818
Daily … On the GBPUSD, price has also found resistance at an Hourly Mitigation Block of 1.3934. But the is basically the upper range of consolidation that the price has been contained in this week. At some point, price will reach for the liquidity above 1.4000. NFP could be that day. No trading on this pair today. Not until there’s clarity in price movement.
having been looking at Seasonality data yes the Dollar should rebound and move higher in early May followed by consolidation through June. but as we know even in consolidating the other pairs can move well
Absolutely correct. However, note that EURUSD moves opposite in May … Bearish early on and then consolidats. BUT the GBPUSD is typically bearish the entire month.
DXY – Bearish day. Price did reach for the Daily OB at 90.90 and we initially saw a bounce off that exact level only to return to it a few hours later. Price then consolidated at this level until the London session today where there was a decent drop.
EURUSD – Bullish day. No pullback in price again. Something we have seen lately which prevents me from entering trades. Price initially paused at the Hourly OB at 1.1053 then moved higher and consolidated until the London session today, where price expanded up into the Daily FVG.
GBPUSD – Bearish day. Although price was overall bearish for the day, it was bullish from where I posted the forecasted yesterday. Regardless, price is still in a consolidation range and not presenting opportunities to trade.
Key Levels
Bearish – 2-Week Prior Low 90.42 … next MB 90.65
Bullish – OB 89.95
Bias – Bearish
H1
Key Levels
Bearish – Weekly Open 90.18 … next NYMO 90.28
Bullish – OB 89.95 (Daily)
Weekly … Big bearish week last week, mainly coming in on Friday after the NFP news. Exactly why I do not trade that day. Going into this week, I am looking for the Dollar to continue dropping. Still targeting the Weekly and Monthly Rejection blocks at the 89.00 level. This could provide strong support; however, the level has been previously tested and there is a large liquidity pool below 89.00. This pool could pull price even lower.
Daily … On Friday, price dropped right into the Daily Imbalance and has consolidated in this area since then. I am looking at the Weekly Open and NYMO to provide resistance and keep price lower on the day. Targeting the Daily OB at 89.95 and the liquidity below 89.70.
Key Levels
Bearish – RB 1.2325
Bullish – MB 1.2126 … next OB 1.2097 (Weekly)
Bias – Bullish
H1
Key Levels
Bearish – OB 1.2209 … next RB 1.2325 (Daily)
Bullish – Weekly Open 1.2152 … next NYMO 1.2155 … next MB 1.2126 (Daily)
Weekly … With my expectation for the Dollar to drop, I will be looking for the EURUSD to move higher. A retrace down to the Weekly OB at 1.2097 is possible before the move higher, but not necessary. Still targeting the liquidity above 1.2240 and the Rejection block at 1.2415.
Daily … Price has essentially been in consolidation so far today. I am looking for the Weekly Open and NYMO to act as support and keep price higher today. Initial target will be the Hourly OB at 1.2209 and next would be 1.2250.
Key Levels
Bearish – OB 1.3945
Bullish – RB 1.4189 (Monthly) … next RB 1.4263 (Weekly)
Bias – Bullish
H1
Key Levels
Bearish – MB 1.4098 … next RB 1.4189 (Monthly)
Bullish – OB 1.4032 … next NYMO 1.4020
Weekly … We could be seeing the GBPUSD making a break to move higher and reach for the Weekly and Monthly Rejection Blocks above 1.4200. Ultimately, long term could reach for 1.4375.
Daily … Big move higher already today. We have broken higher out of the sideways movement we have been in for a month. Price has already moved 120 pips today, ran into an Hourly OB at 1.4098 and has paused. Not sure that we can get much higher. A retrace back down to the Hourly OB at 1.4032 is where I would consider an entry point, however, that is a long way from where price currently is. Not expecting that much fluctuation today. Ultimately targeting the Weekly RB at 1.4189.
DXY – Bullish day. The Dollar basically moved sideways for the day, staying below the NYMO at 90.65 as expected. However, the Daily Imbalance also kept price from dropping on the day.
EURUSD – Bearish day. Price only became bearish at the end of day. For the most part, the NYMO at 1.2155 acted as support right up until the end of the day, when it dropped to the Daily Mitigation Block at 1.2126.
GBPUSD – Bullish day. 180 pip move yesterday on the breakout from the 2-month consolidation. Price almost reach the Monthly Rejection Block at 1.4189 which is actually my weekly target. Once price reached its high for the day, it moved into consolidation.
Key Levels
Bearish – 2-Week Prior Low 90.42 … next MB 90.55
Bullish – OB 89.95
Bias – Bearish
H1
Key Levels
Bearish – Weekly Open 90.18 … next NYMO 90.26
Bullish – OB 89.95 (Daily)
Weekly … Big bearish week last week, mainly coming in on Friday after the NFP news. Exactly why I do not trade that day. Going into this week, I am looking for the Dollar to continue dropping. Still targeting the Weekly and Monthly Rejection blocks at the 89.00 level. This could provide strong support; however, the level has been previously tested and there is a large liquidity pool below 89.00. This pool could pull price even lower.
Daily … I am expecting the Dollar to stay below the NYMO and Weekly Open prices today. Will it be able to break lower out of yesterdays consolidation? No big news today, so it is very possible price will stay in this consolidated range. If price does move lower, it might find some support at the Daily OB at 89.95.
Key Levels
Bearish – RB 1.2325
Bullish – MB 1.2126 … next OB 1.2097 (Weekly)
Bias – Bullish
H1
Key Levels
Bearish – OB 1.2209 … next RB 1.2325 (Daily)
Bullish – NYMO 1.2140 … next MB 1.2126 (Daily)
Weekly … With my expectation for the Dollar to drop, I will be looking for the EURUSD to move higher. A retrace down to the Weekly OB at 1.2097 is possible before the move higher, but not necessary. Still targeting the liquidity above 1.2240 and the Rejection block at 1.2415.
Daily … Price reached down late last night / early this morning and has since started moving higher. I will be looking for price to breakout above yesterdays high and move at least to the Hourly OB at 1.2209. Looking for a retrace down to the NYMO at 1.2140 & Hourly OB at 1.2142 before the move up.
Key Levels
Bearish – RB 1.4189 (Monthly) … next RB 1.4263 (Weekly)
Bullish – Brkr 1.3932 … next OB 1.3945
Bias – Bullish
H1
Key Levels
Bearish – RB 1.4189 (Monthly) … next RB 1.4263 (Weekly)
Bullish – NYMO 1.4120 … next ON 1.4032
Weekly … We could be seeing the GBPUSD making a break to move higher and reach for the Weekly and Monthly Rejection Blocks above 1.4200. Ultimately, long term could reach for 1.4375.
Daily … Price has consolidated so far today. Not surprising given the 180 pip move yesterday. With no news today, price could stay in consolidation around the NYMO at 1.4120. Ideally though, I will be looking for price to move up again today and reach for the Monthly Rejection Block at 1.4189. The NYMO up is a decent support level, but based on my rules, I need it to come down a bit below that level. On the M15 there are a couple potential entry points that I will be watching.
The EURUSD climbed to its multi-month peak of 1.2160 following the poor U.S. jobs data.
The GBPUSD pair spent the week fluctuating around 1.391 before rocketing up on Friday above the 1.400. Despite failing to stay at that level, the last time we saw the price in this position was in March 2018.
The USDJPY pair dropped, undermined by the shocking labour market data from the USA. The price stopped at the crucial level of 108.300 before the rebounding.
GBPUSD – Bullish day. Also as expected, price consolidated on this pair also. The NYMO at 1.4120 held up as support and forced the price to move sideways the whole day.
Key Levels
Bearish – 2-Week Prior Low 90.42 … next MB 90.55
Bullish – OB 89.95
Bias – Bearish
H1
Key Levels
Bearish – NYMO 90.41 … next MB 90.55(Daily)
Bullish – Weekly Open 90.18 … next OB 89.95 (Daily)
Weekly … Big bearish week last week, mainly coming in on Friday after the NFP news. Exactly why I do not trade that day. Going into this week, I am looking for the Dollar to continue dropping. Still targeting the Weekly and Monthly Rejection blocks at the 89.00 level. This could provide strong support; however, the level has been previously tested and there is a large liquidity pool below 89.00. This pool could pull price even lower.
Daily … The Dollar moved up to the 2-Week Prior Low at 90.42 which is in line with today’s NYMO. Price has fallen since and I am expecting it to stay lower on the day. I will be looking for a retrace up to the NYMO area and then targeting the Daily OB at 89.95. Big news release at 08:30 and 10:30 (NY) that could push price down.
Key Levels
Bearish – RB 1.2325
Bullish – MB 1.2126 … next OB 1.2097 (Weekly)
Bias – Bullish
H1
Key Levels
Bearish – Weekly Open … next OB 1.2209
Bullish – MB 1.2126 (Daily) … next NYMO 1.2117
Weekly … With my expectation for the Dollar to drop, I will be looking for the EURUSD to move higher. A retrace down to the Weekly OB at 1.2097 is possible before the move higher, but not necessary. Still targeting the liquidity above 1.2240 and the Rejection block at 1.2415.
Daily … Price moved down in early trading this morning but has since moved up since the NYMO. I am looking for the Daily Mitigation Block at 1.2126 and the NYMO at 1.2117 to support price and target yesterdays high at 1.2182 and the Hourly OB at 1.2209.
Key Levels
Bearish – RB 1.4189 (Monthly) … next RB 1.4263 (Weekly)
Bullish – Brkr 1.3933 … next OB 1.3945
Bias – Bullish
H1
Key Levels
Bearish – RB 1.4189 (Monthly) … next RB 1.4263 (Weekly)
Bullish – NYMO 1.4117 … next ON 1.4032
Weekly … We could be seeing the GBPUSD making a break to move higher and reach for the Weekly and Monthly Rejection Blocks above 1.4200. Ultimately, long term could reach for 1.4375.
Daily … Just like the EURUSD, the GBPUSD dropped this morning but began moving higher at the NYMO. I am expecting price to move higher on this pair also today. Targeting the Monthly Rejection Block at 1.4189 and looking for a retrace down towards the NYMO at 1.4117 for an entry point.
DXY – Bullish day. That news release did the exact opposite. We got a huge spike up followed by a huge spike down and then right back up again. Lots of price manipulation happening. Took out both sell and but stops .
Key Levels
Bearish – OB 91.00
Bullish – 2-Day Prior High 90.24 … next OB 89.95
Bias – Bullish
H1
Key Levels
Bearish – OB 91.00 (Daily)
Bullish – NYMO 90.75 … next OB 90.41
Daily … That spike down yesterday, reached right to the Weekly Open and then moved higher. After the big move up, I am looking for price to either consolidate today or reach up for the Daily OB at 91.00. We have news again today that could cause big price movement. A move up to that Daily OB and then expansion lower is very possible.
Key Levels
Bearish – 2-Day Prior Low 1.2123
Bullish – OB 1.2065 … next FVG low 1.1986
Bias – Bearish
H1
Key Levels
Bearish – NYMO 1.2077 … next 2-Day Prior Low 1.2123
Bullish – ON 1.1982 … next OB 1.1952 (Weekly)
Daily … Price has reached a bullish Daily OB and paused just above the Daily FVG. It is possible to see price reverse and move higher from here. However, I will be looking for price to continue lower or consolidate from here. Ideally targeting the Weekly ON at 1.1952 on the low end. Will look for entries around the NYMO at 1.2077 which aligns with a couple other hourly levels to keep price lower.
Key Levels
Bearish – RB 1.4189 (Monthly) … next RB 1.4263 (Weekly)
Bullish – Brkr 1.3933 … next OB 1.3945
Bias – Bearish
H1
Key Levels
Bearish – NYMO 1.4061 … next MB 1.4107
Bullish –ON 1.4032 … next Brkr 1.3993 (Daily)
Daily … Price has moved down into an Hourly OB at 1.4032 and is sitting there right now. I will be looking for price to continue lower again today. Will be targeting the Daily Breaker at 1.4000 and Daily OB at 1.3945. Entries will be up around the NYMO at 1.4061.
DXY – Flat day. The Dollar basically consolidated today as expected, staying right around the NYMO level. Price came close to the Daily OB at 91.00 and the Daily FVG before reversing.
EURUSD – Flat day. We also had consolidation on the EURUSD around the midnight open. During the London session, price reached up to Tuesday’s low at 1.2123 (top of FVG) and has since reversed and started moving lower.
GBPUSD – Flat day. We got the retrace up to the NYMO for an entry opportunity, but when price dropped, it stalled just below the Hourly OB at 1.4032. I exited this trade around noon (due to time of day) for a small gain before price began move too much higher. The entry was actually a little later than I like which is why I quickly exited.
Key Levels
Bearish – OB 91.00
Bullish – FVG Low 90.36 … next OB 89.95
Bias – Bearish
H1
Key Levels
Bearish – OB 90.62 … next NYMO 90.72
Bullish – OB 90.41 … next OB 89.95 (Daily)
Daily … The move away from the Daily OB at 91.00 and Daily FVG is bearish. Will be looking for the Dollar to reach towards the Bullish Daily OB at 89.95 now. Looking for a retrace up to the Hourly OB at 90.62 and then a move lower. Targeting at least the Daily FVG low at 90.35. Time of day will determine exit, just as it did yesterday. Beware of the 90.25 where a weak Daily OB lies.
Key Levels
Bearish – FVG high 1.2123 … next RB 1.2325
Bullish – OB 1.2065 … next FVG low 1.1986
Bias – Bullish
H1
Key Levels
Bearish – Weekly Open 1.2163 … next OB 1.2209
Bullish – MB 1.2097 … next NYMO 1.2086
Daily … During the London session this morning, price reached up to Tuesday’s low at 1.2123 (top of FVG) and has since reversed and started moving lower. However, I am expecting price to continue higher. Looking for a reversal around the Hourly Mitigation Block at 1.2097 and targeting the Weekly Open at 1.2163 or time of day.
Key Levels
Bearish – RB 1.4189 (Monthly) … next RB 1.4263 (Weekly)
Bullish – Brkr 1.3933 … next OB 1.3945
Bias – Bullish
H1
Key Levels
Bearish – MB 1.4107 … next RB 1.4189 (Monthly)
Bullish –NYMO 1.4045 … next Brkr 1.3993 (Daily)
Daily … Price is still consolidating today. If anything, I will be looking for a move higher. Targeting the High of the week at 1.4167 or time of day and looking for entry around the NYMO at 1.4045. Unlikely price will move that much, so will probable exit between 10:00 and 11:00 if I actually get an entry.
There is so much information on this thread. It is one of the reasons why I am here on babypips. When I got to know about the forum, I was not very sure about it and the information it offered. But after testing it several times in different markets, I realised that it is what every trader should join.
DXY – Bearish day. The retrace did not quite make it up to the Hourly Mitigation Block at 90.62 that I was looking for. Only made it to the top of the Daily FVG and then dropped. Price reached the initial target of the Low on the Daily FVG, but as noted in the forecast, found support around the 90.25 level.
EURUSD – Bullish day. As forecast, price did move higher during the NY Session. As on the Dollar though, we did not get that full retracement we need for an entry. Price stopped a little shy of the Hourly Mitigation Block at 1.2097 before moving higher. Price did not make to the initial target before closing. Although it did this morning if you hold positions over the weekend, which I never do.
GBPUSD – Bullish day. Same story different pair. Did not get the full retracement needed for entry. But on the GBPUSD, price did reach my initial target of 1.4107, the Hourly Mitigation Block, where it formed the high of the day and subsequently consolidated.
