Dollar should be at the forefront of analysis when trading Dollar pairs. Why? Because Dollar is King.
Following on with a tonne of breaks in daily structures on the likes of Cable and EUR/USD , we are likely to see some what of a continuation (although a pullback may be necessary) lending itself nicely to the fact DXY front month has left a on the . Prime zapping opportunity for Institutional Traders and potentially a large amount of liquidity resting above there too. We may see a rebuild of liquidity on that hence why we are likely to have a pull back to the upside in foreigns.
Once the DXY has generated enough liquidity above the we will most likely see it raided and potentially a run up to the Institutional Flow Block which, coincidentally is the top of a recent void which has yet to be fairly auctioned.
Short snappy trade plan - look to buy dips in DXY (sell spikes on foreigns, I will be looking at GBP and EUR vs the USD)
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