RishiRudani

DXY | Top Down Analysis Pre-NFP.

Short
RishiRudani Updated   
TVC:DXY   U.S. Dollar Index
Monthly Time-Frame:

  • ICT Market Maker Buy Model.
  • Reversal at monthly FVG & stophunt.
  • BOS as 2023 old high of the year taken. External Range Liquidity -> Internal Range Liquidity.
    Therefore, 1M FVG below is current DOL.

Daily Time-Frame:

  • Monthly Time-frame suggest we can sweep into 1M FVG below
  • October Seasonals = Consolidation.

  • Commitment Of Traders Data (COT) = indicates shift of Net Short Positions,(18th September 2023) for the large commercials (Central Banks, Large Funds)
    Therefore it indicates that the month of october will consolidate.
  • Price respecting HTF Bearish Array. Note how OB mean threshold is respected.
  • Price wicking below previous lows indicating change in state.
  • October Monthly Low (24/11/2023) is current DOL with the 1M FVG liquidity pool below.

4 Hour Time-Frame:
For extra clarity as we move into intraday time-frames.


1 Hour/Intra-Day Time-Frame:


💎
youtu.be/iKsIbUblSWM?si=i6uGuR4... 💎
Comment:
Eyes peeled for any sort of institutional sponsorship and or respect to bullish PD arrays, only then price can be engaged.
NFP week = Judas of the Month

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.