Last week’s projection was short throughout the week and boyyy did we get shorts!
Monday got the ball rolling with a bearish decline of -1.67% with all further retracements not fulfilling the open of Monday’s trading, insinuating that the bulls are loosing strength. To confirm this bias, we can clearly see on Friday that smart money tried to sweep buystops and entice buyers to join in and take profit by the 116 equilibrium but it failed incredibly, sharply retracing in the inter-day timeframe and closing out as a bullish shooting star but below the bullish daily order block which signifies weakness by bulls.
Current market structure is rangebound throughout the overall week but 113.10 daily sellside is where I will have eyes fixed to. This is not 100% but if yields are to appreciate, there’s a very strong possibility that bonds will continue to decline.
Overall short target is 112.27 for the week as this coincides with the weekly bullish order block.
Would be in for a continued full run in the dollar index?
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
Monday got the ball rolling with a bearish decline of -1.67% with all further retracements not fulfilling the open of Monday’s trading, insinuating that the bulls are loosing strength. To confirm this bias, we can clearly see on Friday that smart money tried to sweep buystops and entice buyers to join in and take profit by the 116 equilibrium but it failed incredibly, sharply retracing in the inter-day timeframe and closing out as a bullish shooting star but below the bullish daily order block which signifies weakness by bulls.
Current market structure is rangebound throughout the overall week but 113.10 daily sellside is where I will have eyes fixed to. This is not 100% but if yields are to appreciate, there’s a very strong possibility that bonds will continue to decline.
Overall short target is 112.27 for the week as this coincides with the weekly bullish order block.
Would be in for a continued full run in the dollar index?
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
Comment:
Still melting, taking sellside with 112.27 still i the cards. 5th bearish consecutive week. When will this change?
Trade closed: target reached:
112.27 booked!
