ZB1! - Usually Correlation is Tight With Yields...
After Monday's sell-off, bonds continued to trickle higher, running through the weekly highs @ 120.06 closing for the week @120.14.
Last week, I set out two bullish projections; 120.08 being T1 and 121.01 (now updated to 121.02) for T2. This weeks first target is 121.02 with a possibility for a continued bullish run up to the daily liquidity void starting from 122.11.
This bias goes hand in hand with yields continuing to sell-off, enticing short traders to continue to pile buy stops above recent highs increasing the likelihood for smart money to capitalise from.
Trading below Monday's bullish order block @119.06 will bring me back to the drawing board.
My philosophy is simple...
Fortify Michael J Huddlestone's concepts that I have studied to consistently predict where the market is more likely to go.
This includes;
- Market Structure
- Buyside/Sellside Liquidity
- Order Blocks
- Liquidity Voids
- Fair Value Gaps
- Optimal Trade Entry
- Premium/Discount Array
- SIBI/BISI
- Many More!
The strategies mentioned here are some of many that I use to implement into my analysis and over time, with consistency I aim to achieve a high degree of accuracy in the markets with the foresight and understanding to assess what went wrong when my bias is negated.
Credits;
- Michael Joe HUDDLESTONE
- Shawn Lee POWELL
- Toray KORTAN
Last week, I set out two bullish projections; 120.08 being T1 and 121.01 (now updated to 121.02) for T2. This weeks first target is 121.02 with a possibility for a continued bullish run up to the daily liquidity void starting from 122.11.
This bias goes hand in hand with yields continuing to sell-off, enticing short traders to continue to pile buy stops above recent highs increasing the likelihood for smart money to capitalise from.
Trading below Monday's bullish order block @119.06 will bring me back to the drawing board.
My philosophy is simple...
Fortify Michael J Huddlestone's concepts that I have studied to consistently predict where the market is more likely to go.
This includes;
- Market Structure
- Buyside/Sellside Liquidity
- Order Blocks
- Liquidity Voids
- Fair Value Gaps
- Optimal Trade Entry
- Premium/Discount Array
- SIBI/BISI
- Many More!
The strategies mentioned here are some of many that I use to implement into my analysis and over time, with consistency I aim to achieve a high degree of accuracy in the markets with the foresight and understanding to assess what went wrong when my bias is negated.
Credits;
- Michael Joe HUDDLESTONE
- Shawn Lee POWELL
- Toray KORTAN
Order cancelled:
Failed to make it to the EQ of 121.02 before selling off.
Never managed to get in which is totally fine.
There is an abundant of opportunity in the market and it will never stop.
This keeps me at peace.
The overall swing through sellside has been met which aided DXY to poach 105 as projected
Never managed to get in which is totally fine.
There is an abundant of opportunity in the market and it will never stop.
This keeps me at peace.
The overall swing through sellside has been met which aided DXY to poach 105 as projected
