DXY
is currently trading in a consolidation pattern and is located in the premium end of the trading range between 104.447 and 103.013. The August 30 candle swept the short term daily sellside liquidity at 103.013 into the Weekly BISI fair value gap which was nearly totally rebalanced. Upon leaving the Weekly FVG range, it was repriced to the premium end of the range, forming a daily BISI Fair Value Gap.
Sept 4th trading range appears to still be forming a Daily BISI fair value gap in which I expect price to protract into early in the week before either staying in a consolidated range or move higher toward daily and weekly buyside liquidity pools toward the daily Volume Imbalance.
Price points of interest:
D.Volume Imbalance: 105.278 & 105.125
Wk.Buyside Liquidity: 104.700
D.Buyside Liquidity: 104.447
D BISI Fair Value Gap: 104.025 high & 103.740 low
D. BISI Fair Value Gap: 102.771 high & 102.654 low.
Comment:
Daily and weekly buyside liquidity pools @ 104.447 & 104.700 have been swept. Looking for continued move to the upside toward the daily volume imbalance @ starting at 105.125.
Comment:
Daily volume imbalance tagged at 105.125.
Comment:
Target 3 of 4 @ 105.35 hit - premium end of the daily volume imbalance tagged.