Pre-Weekly Outlook:
Economic Calendar
- Monday: ✅ GER40 ✅ US100
- Tuesday: ✅ GER40
✅ US100 ❌ US100 (day before CPI)
- Wednesday:
✅ GER40 ❌ GER40 (before CPI) ✅ US100
- Thursday:
✅ GER40 ❌GER40 (EU major news) ✅ US100
- Friday: ✅ GER40 ✅ US100 (10AM Michigan sentiment red news)
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Watch out the day before CPI & the EU major news.
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GER40
GER40: Weekly Chart
- On the weekly: We took buyside liquidity and we violated the bullish FVG by closing below it
GER40: Daily Chart
- On the daily: Price is ignoring bullish FVG and respecting bearish FVG
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⇒ WE ARE BEARISH
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US100
US100: Weekly Chart:
- On the weekly: we have a bearish breakaway gap & we disrespected the bullish FVG
US100: Daily Chart
- On the daily: We left a bearish breakaway gap and immediately violated a bullish FVG, creating a bearish FVG and respecting it
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⇒ WE ARE BEARISH
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Monday 2nd 2024
GER40
- We are currently bearish
- Price started going up so we expected a liquidity sweep
- Price didnt sweep buyside liquidity