Trading with 5m Force strategy, Day 17

Before going into any details, I would like to let you know that, I'm not going to trade today. I'll do some tasks at home. Just came to show you what happened today.

Let's see what happened at Tokyo open today.

Figure 01: EURUSD 5m chart. "Tokyo open"

Before the Tokyo open price was immediately above the daily pivot. Just after the Tokyo open price started to move upwards. Solid 15 pips were there.

Nest we'll see three good trade opportunity today. At 12:00 pm (+6 GMT) an inverted hammer formed. It was good indication of a downward price movement. Because it was nicely aligned with other indicators also.

Figure 02: EURUSD 5m chart. "Inverted hammer & hammer"

From there price moved downwards to reach Daily pivot at around 15 pips distance. On the way price moved sideways for 10-12 candle. There was no significant news was there. So another 15 pips here. Price reached at the daily pivot just at the London open. Price bounced there and again

After the bounce from the daily pivot on London opent, price formed another inverted hammer. Price again started to go south and this time for 30 pips with breaking the daily pivot line. At the end of the journey price formed a hammer. Price now started to move north towards the daily pivot. Here also 15 pips was there. Overall  >100 pips today. Missed a good day.

Figure 03: Dollar Index, Hidden bullish divergence

See the relation among the EURUSD price movement and dollar index. Monitoring dollar index can help trading profitably.

Today a high impact news was scheduled to release just after the open of NY open. It was ADP Non-Farm Employment Change. See the impact of this news.

Figure 04: EURUSD 5m chart.

As the news went in favor of Dollar, price moved down. Price crossed the DS1. Price continued to move downwards for >60 pips until the NY session closed.

Now I'm just observing price action and studying fx.