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US Dollar: Bearish! Buyside LQ Sweep Before Rate Cut?
Welcome back to the Weekly Forex Forecast for the week of Sept 15 - 19th.
In this video, we will analyze the following FX market: USD Dollar
The USD has a .25 basis point rate cut coming Wednesday. Will there be a manipulation of the buy side liquidity before prices turn downward? I am looking out for this fake out maneuver by MMs, being mindful the rate cut will weaken the USD against its counterparts. A short term move higher before the market turns bearish with the news announcements is more then possible.
Wait and react. Do not predict.
React and do not predict.
Enjoy!
May profits be upon you.
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I do not provide personal investment advice and I am not a qualified licensed investment advisor.
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4 days ago
Trade active
snapshot
2 days ago
Note
Now, I will be looking for USD strength from here. That was a significant low taken yesterday... and it was a LQ sweep.
I think the Bears step in for xxxUSD pairs, Bulls for USDxxx pairs.
Short term buys between Thu and Fri... until we see a bullish BOS on Daily TF.
snapshot
2 days ago
Trade closed: target reached
snapshot
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