Note: US CPI today so expect volatility in the US session.
EURO Futures (6E, June)
AM Session TPO - Pre London we are trading outside previous day profile, however we are awaiting a deeper pullback into the profile for a better risk reward short setup. VAH or even the poor highs from yesterday would provide the ideal short opportunity.
Daily TPO - Similarly on higher time frames we can see the possibility of running higher into higher probability selling areas. I will be monitoring for shorts around the VAH (1.1026),
EURUSD 15min candlestick - 1.1000 provides the best value shorts on this market today, although we are currently trading around levels which may provide sellers, with CPI this afternoon the preferred strategy would be to await a short squeeze higher. With that in mind, there should be no sell orders at this level around the time of the news as this would need confirmation to enter.
Comments