{"id":24312,"date":"2022-12-05T11:50:07","date_gmt":"2022-12-05T11:50:07","guid":{"rendered":"https:\/\/fxglobe.wpenginepowered.com\/mondays-can-be-funny-days\/"},"modified":"2026-03-18T11:22:18","modified_gmt":"2026-03-18T11:22:18","slug":"mondays-can-be-funny-days","status":"publish","type":"post","link":"https:\/\/www.fxglobe.com\/ms\/mondays-can-be-funny-days\/","title":{"rendered":"Daily Picks – Mondays Can Be Funny Days"},"content":{"rendered":"\n

Good morning, Traders!<\/p>\n\n\n\n

After the previous weeks mixed volatility, and this weeks mostly CPI-oriented calendar news, traders should be prepared for potential surprises.<\/p>\n\n\n\n

The existing trend across multiple asset classes is a weaker USD<\/a>, but at the same time, day traders are anticipating a temporary retracement at some point.<\/p>\n\n\n\n

For the most part, there should be many \u2018with-trend opportunities, supporting the idea of many instruments heading higher.<\/p>\n\n\n\n

Here are my market picks for today:<\/p>\n\n\n\n

EURUSD, 4-hour, bullish retest<\/strong><\/h2>\n\n\n\n

The 4hr EURUSD<\/a> is currently retracing down and testing support of the old (prior\/recent) highs.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

I\u2019m looking for the next candle, which will likely be after the U.S. session has started, to form as a bullish candle.<\/p>\n\n\n\n

Should price action produce one or more bullish rejection candles displaying support at or around 1.0540 and above the line, there may be a bullish setup forming. <\/p>\n\n\n\n

Usually this is confirmed when a bullish Momentum candle forms signalling a shift to the upside. <\/p>\n\n\n\n

Traders that enter on the close of the bullish momentum candle, with their stop-loss below the lows of the candles usually target a 3:1 or key level above. <\/p>\n\n\n\n

However, should price NOT encounter support when\/if it retests the 1.0500-1.0550 area, then the bullish momentum may be fading, and the USD<\/a> may be strengthening more than expected. Next up on my watchlist is <\/p>\n\n\n\n

US30, 4-hour, Bullish<\/strong>.<\/h2>\n\n\n\n
\"\"<\/figure>\n\n\n\n

The overall uptrend is healthy, and consistent. Price has recently pulled back into the 10\/20 moving averages and I am waiting for it to produce a bullish momentum candle.<\/p>\n\n\n\n

I\u2019m now looking for a continuation of this bullish momentum to the upside.<\/p>\n\n\n\n

Traders often enter on a break of the recent candles high (with 2-3 pips buffer), and a stop-loss below the most recent swing low, which in this case is below the most recent candle (again, with a 2-3 pip buffer).<\/p>\n\n\n\n

Taking partial-profits at 1:1 is a great way to mitigate risk, as well as targeting a realistic price point, such as a major resistance level, or 1:3 risk-to-reward point. <\/p>\n\n\n\n

Happy Trading!<\/p>\n","protected":false},"excerpt":{"rendered":"

Good morning, Traders! After the previous weeks mixed volatility, and this weeks mostly CPI-oriented calendar news, traders should be prepared for potential surprises. The existing trend across multiple asset classes is a weaker USD, but at the same time, day traders are anticipating a temporary retracement at some point. For the most part, there should […]<\/p>\n","protected":false},"author":20,"featured_media":13262,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_seopress_robots_primary_cat":"none","_seopress_titles_title":"Monday's Funny Daily Picks | %%sitetitle%%","_seopress_titles_desc":"Start your week with a laugh and profitable trading. Discover our daily picks and find the humor in market movements on Mondays. Don't miss out!","_seopress_robots_index":"","footnotes":"","_links_to":"","_links_to_target":""},"categories":[6],"tags":[],"class_list":["post-24312","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-6"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.fxglobe.com\/ms\/wp-json\/wp\/v2\/posts\/24312","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.fxglobe.com\/ms\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.fxglobe.com\/ms\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.fxglobe.com\/ms\/wp-json\/wp\/v2\/users\/20"}],"replies":[{"embeddable":true,"href":"https:\/\/www.fxglobe.com\/ms\/wp-json\/wp\/v2\/comments?post=24312"}],"version-history":[{"count":0,"href":"https:\/\/www.fxglobe.com\/ms\/wp-json\/wp\/v2\/posts\/24312\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.fxglobe.com\/ms\/wp-json\/wp\/v2\/media\/13262"}],"wp:attachment":[{"href":"https:\/\/www.fxglobe.com\/ms\/wp-json\/wp\/v2\/media?parent=24312"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.fxglobe.com\/ms\/wp-json\/wp\/v2\/categories?post=24312"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.fxglobe.com\/ms\/wp-json\/wp\/v2\/tags?post=24312"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}