TRADING PRICE ACTION PATTERNS
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A private channel for traders. Learn and trade with me. Analyses and setups based on Price Action and classic candle patterns.
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Today at 19:00 (GMT+1) Fed will inform us about monetary policy. Federal Reserve policymakers are losing patience with inflation, but they may not be ready to turn their frustration into action -- not this week anyway. Meeting in Washington Tuesday and Wednesday, the Fed is expected to keep its benchmark interest rate unchanged. Members of the central bank’s rate-setting committee may not be so reluctant to act when they gather again next Sept. 15-16. Inflation has been stuck above the Fed’s 2% target for more than five years. New Fed Chair Kevin Warsh told Congress earlier this month that he had “no tolerance’’ for elevated inflation
Hello traders- now a live trading session in beginners room - OPOS a strategy for working people https://my.xm.com/member/live-education/player/basic
Today 4 live sessions. First now in advanced room with Junid 7 -8 GMT+1
Link to our comment and chat group: https://t.me/tradingpriceactionpatterns
hello traders, Monday scalping session in beginners room now 10-11 GMT+1
A pending order sell limit based on OPOS strategy. Credits to Gerhard ;)
The scalp setup based on TFR strategy opened in morning session is closed +10p
Join our session in advanced room - we will have a panel discussion about ECB decision
In the final part of the European session, we have the ECB rate decision. The central bank is expected to keep interest rates unchanged while reiterating that it remains well positioned to navigate the uncertainty caused by the war and that it will continue to follow a data-dependent and meeting-by-meeting approach.
We don't get macroeconomic projections at this meeting, so the focus will be entirely on President Lagarde's press conference. The market is pricing in a total of 47 bps of tightening by year-end (roughly two rate hikes) and a 73% chance of an increase at the next meeting in September. Given this backdrop, it's going to be hard for Lagarde to out-hawk the market.
NZDJPY a head and shoulders pattern. Price below neckline. Possible declines. Idea from live session ( credits to Danushka)
