DXY has pulled back a lot as US bonds have ripped to the upside, however it would appear that the Yields may be setting up for a short term bottom which would result in the DXY coming back up. This would align with the Euro coming back down, but I'm not convinced the move up in DXY will be long-lasting, however I do think it will be notable enough to initiate some...
Trade Idea
- Obviously Price Has reached It's targets for the Week. (Weekly Swing High & Previous Months High)
- Currently there's no context for higher prices, as daily in the process of creating a FVG we can use to deliver higher prices
- 4H Bullish FVG can push prices Higher toward these 4H two highs
- 1H FVG Entry
- R Target; 2R
Today EU had a fairly strong daily close. Also, DXY rejected from some key daily levels.
My Daily DOL is Monday's high.
We also saw SMT divergence at the lows (EU failing to make lower lows while DXY made higher highs).
I want to see the H1 discount bullish arrays respected, to then look for a bullish displacement entry trigger on M5/M15.
Good evening and i hope you are well.
Quote from last week:
Bulls got their major trend reversal and i conclude the bear trend from the 2023-12 over. I drew my next best guess on how this new trend could play out. It’s a small trend inside a bigger trading range, so it will probably be choppy and weak. Bulls managed to trade above the daily 20ema and made it...
price pushed up to clear external liquidity for the opening of london session, will be looking to short to have price come back to internal liquidity of the 4hr FVG
-Price failed to close below 50% of the Daily RDRB price range.
-Price failed to close below Tuesdays low, as well as failing to close below several other previous daily lows.
-Daily DOL is Wednesdays high.
-I need to see H4/H1 discount arrays being respected to then look for bullish displacement entry triggers on M15/M5
Price has rejected multiple times on the daily chart from the 50% level of the bearish orderblock @ 1.08635 . Price also failed to displace and close above Mondays high.
My Draw on Liquidity (DOL) is Tuesday's low, and am hunting a short setup.
I want to see H1 candles closing with rejection wicks in the H1 bearish FVG areas ( 1.08565 to 1.08580) as well as 50%...
EURZAR SELLING OPPORTUNITY short EUR long ZAR BRICS power. The EURZAR pair has been volatile in recent months, with the EUR weakening against the ZAR. This is due to a number of factors, including:
The ongoing war in Ukraine, which has put upward pressure on energy prices and boosted the South African rand as a commodity-linked currency.
The prospect of rising...
Looking to short the monthly open on spot for EUR PMIS and EUR CPIS. 10 yr is holding steady near the recent highs. and dollar looks a bit steady near the weekly lows going into the data release during London
Introduction
In the ever-evolving world of financial markets, savvy investors and traders continuously seek strategies to optimize returns while managing risk. Among the plethora of strategies available, the covered call stands out for its simplicity and efficacy, especially when applied to a dynamic asset like Euro Futures. This article delves deep into the...
Good evening and i hope you are well.
Starting today i will do weekly fx recaps/outlooks for the 3 following currencies: EUR/USD, USD/JPY, GPB/USD (will only post 1 of the 3 here on tradingview).
eur/usd
Let’s start off with a monthly time frame. Market is in a multi decade bear trend and struggling to find a bottom. Was the 202209 low below 1 the true bottom?...
What happens when you implicate SMC into a macroeconomic analysis?
You get precision. Accuracy. RIsk to Reward superiority.
The ECB is likely cutting rates this year which most likely would lead to a rise in the currency.
In the chart above the following conceps are used to analyse:
- Premium / Discount
- Turtle Soup
- IPDA Data range
- Optimal Trade Entry
-...
This is the market every 15 days. Price have SSL intact while its almost done creating internal BSL (for it to buy up to grab later). Price might not reverse to buyside til next Thur/Fri. We just wait and see.
