Looking ahead to the NY AM session, a bullish weekly profile so far. Monday's session established an Opening Range High for the week, a common occurrence for the first trading day. Anticipate a decisive move away from Monday's high, targeting opposing liquidity as a potential manipulation. Pay close attention to the 10/23 9:30 LOD (Low of Day), a crucial...
Dollar has been trending up lately as we are now in the 2-2.5 zone of a Daily (1D) timeframe "Breaker". An area that we can see a retracement (in this case). A think this weeks price action, can set up us for higher prices and not a complete correction. Targets: - 105.975 - 105.868 -105.772-105.732
If the DXY (US Dollar Index) makes its descent lower, we observe a corresponding upward trend in indices. Presently, we find ourselves situated within a retracement and reversal zone marked by a bearish breaker on the Daily (1D) timeframe. Having successfully tapped into substantial sell-side liquidity over the past week, it is reasonable to anticipate an uptick...
🔥 Brace yourselves, traders and enthusiasts! In today's video, we're dissecting the wild rollercoaster that the EUR/USD pair took us on. From sharp drops to unexpected surges, the currency market was on fire, and we're here to break down every twist and turn. Join our team of seasoned traders and financial experts as we analyze the factors behind this crazy...
My bias is still higher prices for the DXY. CPI on 12th Oct 2023 further confirmed this bias with large displacement to the upside. I have 2 areas where I will be anticipating a bullish continuation to the upside for the DXY. 1. A 4-hour iFVG Sibi nested with a Breaker Block and a large Liquidity Void. This is my first choice and is where I believe we will not...
(Refer to my Weekly analysis for US30 and DXY) On lower timeframes I have 3 areas I want to anticipate a long to go to the short POI. Ideally, we don't see a daily close out of that thin yellow box (Daily Bisi). There are 3 lines of defense for price to reach to and find support. 1st line of defense is a Breaker with CE of a wick and a gap, which looks very...
The Dollar Index has hastily reached my objective on the Weekly/Monthly timeframe. The question now is will we still move higher. I think we will. Of course, we can make predictions and assumptions, but we wait for price action to tip its hand to us. I have 3 levels where I am looking for a continuation to the upside next week onwards. 1. There is a New Month...
My macro bias is still bullish for DXY, therefore bearish for AUDUSD and other XXXUSD pairs. However, I am anticipating further retracement to the upside on the sub-daily timeframe. Preferably I would like to see the Buyside Liquidity just above the current price to stay untouched or pierced slightly, then to retrace back into the Bisi 2h, 4h (R2F) zone, ideally...
My bias is still lower prices for now (refer to my higher-timeframe ideas). However, am interested to see if these trade ideas play out, at least one of them. What is important to me is the day of week, and the time of day, engineered liquidity, along with any scheduled economic news drivers.
Considering my bullish bias on the DXY, and the currently bearish price action on GBPUSD, I am anticipating price continuing lower with a short-term objective of a Weekly Wick's Consequent Encroachment. Price bottomed off a Weekly Bisi to the tee, and closed above a NWOG at big figure 1.2200, leaving a Weekly Sibi in it's wake. There are 2 areas I am currently...
How convenient it was to stop right at the descending trendline for the week. In my eyes, this is giving time for traders to formulate their "predictions" on where DXY is going to go. I expect some funny business to happen to shake out any support & resistance, as well as breakout traders, culminating with an explosive movement to the upside. I really like the...
Based on my DXY analysis, I will be expecting lower prices on GBPUSD. I see a potential short opportunity presenting itself when/if prices retraces back into the 2-Week iFVG/Bisi, using the Monthly Reclaimed Orderblock and Breaker Block as resistance. Only thing I will be wary of is price tapping above the previous week's high before displacing lower, targeting...
Past couple of weeks we've the DXY continually rebalancing immediately and pushing higher. Last week's high stopped right in its tracks at the Mean Threshold of a NMOG. Random, right? Other than that, nothing of too much in interest in terms of a swing trade POI. However, I will still be expecting price to push higher. (See previous analysis on the DXY).
EURUSD is still digging lower, recently attacking Sellside Liquidity in the form of relative equal lows and a Monthly low. On the Weekly timeframe there is nothing that piques my interest. Price has been going from PDA to PDA on its way down. I still anticipate it heading low for more relative equal lows, which coincides with my bullish bias for the DXY.
UJ Liq. Equal High Engulf Short Weekly high area potential reversal trade.
Contrary to GBPUSD, EURUSD ended last week with a very bearish candle, couple with relative equal lows. A point of interest for me at the moment is the Weekly iFVG residing above to be used as resistance, especially if price does not break the nearest Weekly Lows to the left with any conviction. Based on my bullishness on DXY, I see EURUSD digging deeper...
We have more clues on the Weekly timeframe. Most recently, price broke out of a descending trendline and immediately rebalanced into a small Weekly Bisi (annotated by red arrow), which is usually indicative of rapid continuations to follow. As a prediction, I see price digging into the Monthly Sibi and the nested Weekly Breaker Block and possibly Weekly...
The Dollar Index has displaced to the upside on the Monthly timeframe. Prior, it dipped into a Monthly Sibi for multiple months before one final stab and bounce. Current targets are the NMOG and digging into the Monthly Sibi. As a result we should see lower prices XXXUSD pairs in the coming. Seasonally, mid-October sees an incline on the DXY.