Let's see what happened at Tokyo open today.?
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Figure 01: EURUSD 5m chart. "Tokyo open" |
Nest we'll see three good trade opportunity today. At 12:00 pm (+6 GMT) an inverted hammer formed. It was good indication of a downward price movement. Because it was nicely aligned with other indicators also.?
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Figure 02: EURUSD 5m chart. "Inverted hammer & hammer" |
After the bounce from the daily pivot on London opent, price formed another inverted hammer. Price again started to go south and this time for 30 pips with breaking the daily pivot line. At the end of the journey price formed a hammer. Price now started to move north towards the daily pivot. Here also 15 pips was there. Overall >100 pips today. Missed a good day.??
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Figure 03: Dollar Index, Hidden bullish divergence |
Today a high impact news was scheduled to release just after the open of NY open. It was ADP Non-Farm Employment Change. See the impact of this news.?
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Figure 04: EURUSD 5m chart. |
Now I'm just observing price action and studying fx.