FOREXpinoy

Paano magrefine ng entry?

Sa chart mo humanap ka ng order block dyan , pagsinabi nating order block ito yung supply and demand zones kung saannagkaroon ng impulse move ang market usually humanap ka ng sunodsunod na tatlong bullish or tatlong bearish na candle sticks na talagang full bodied kuhanin mo yung pinaka base nun or yung last contrasting candle before that movement happend for example may tatlong green na sunod sunod na candle bago mangyari yun kuhain mo yung last red na candle ihighlight mo yun and then bumaba ka sa lower timeframe, humanap ka ng another ordr block sa loob pa ng order blocl na iyon ganun magrefine ng entry para mas maliit yung stop loss natin at para mas precise yung pagkakaenter natin kay market.

Euro fragile as Fed hike looms, gas risks weigh

The euro nursed losses on Wednesday after its sharpest drop in two weeks, as a cut in Russian gas supply sent energy prices soaring, while the dollar held ground ahead of an expected U.S. interest rate hike later in the day.

The euro fell about 1% to $1.0108 overnight, the largest fall since July 11 and was steady in early Asia trade at $1.0139. Europe's growth remains vulnerable to Russian gas supplies, which have become a major risk since the start of the Ukraine war.
Flows along the Nord Stream pipe from Russia to Germany fell on Tuesday and will drop further on Wednesday.
Overnight data showed U.S. consumer confidence falling to a nearly 1-1/2 year low and new home sales slumping, while Walmart (NYSE:WMT) shares slid after the retailer issued a profit warning.
Last week European manufacturing data was soft.
"Downside risks to the eurozone growth and broader growth concerns globally tends to suggest more dollar strength," Chia said.

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Our Market updates for today : July 25,2022
Dollar Down After ECB Rates

The dollar was down on Friday morning in Asia after the European Central Bank raised interest rates by more than expected on Thursday as concerns about runaway inflation trumped worries about growth.
The dollar was weighed down overnight by a decline in Treasury yields after data showed a slump in factory activity and a rise in applications for unemployment benefits. This signals that the economy is already feeling the effects of aggressive U.S. Federal Reserve policy tightening.
The euro headed for its best week since May on Friday after the ECB hiked interest rates by 50 basis points on Thursday, its first rate hike since 2011.
The ECB was short on specifics of a so-called crisis tool aimed at taming peripheral nation bond yields, as Italian bond prices declined after Italy’s prime minister Mario Draghi resigned.