17/12/2023 MK blog summary

As expected (watch last MK blog summary), EURUSD did the pullback up, filled the OST and MTS against the shorties.
However, this week was more “tricky” because we had “empty” markets, the FOMC and the markets were already over-stretched.
So EU did what was expected, as did the other USD pairs, however, EURJPY was tricky.
But let’s go step-by-step.

First EURUSD.
Note how the low was cleared and then the OST were filled:

Then later the week, we got the beautiful OST short:

USDCAD just finished off the DM longies:

Now the tricky one of this week, EURJPY.
First the OST:

EJ took the lower MTS; but then DM shorties came in again and two new MTS were above the price:

If some DM shorties come into EJ next week, then there is a chance for an up-move:

So after some very good weeks, this week was more difficult.
I closed my positions on Friday (watch the video).

All the best!
Djamal