Jared Nash
Sep 21, 23
TRADING BLOG EP. 1 - EURUSD, +5.5%
The Week of February 7th 2022, I was looking to get Short on EURUSD. With the Euro rallying and creating a new Daily Higher High, this built the framework for my Short trade idea. With the Euro being at such a high price, some Demand for the USD would be needed to give necessary selling pressure onto the Euro. This was exactly delivered with the CPI News on February 10th.
The Consumer Price Index Report was so poor, it led investors and speculators to become more confident in Interest Rate Hikes. This caused the Dollar to Rally as a result of investor Demand for the USD increased. The news release at 8:30 AM swiftly brought price to my first Target in 5 minutes.
Using Structure I was able to figure out direction; using Supply and Demand Zones I found my Point Of Interest; and using Wyckoff I had extra confirmation for when price arrived to my zone.
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