From what am seeing, Price gave us a DIP to buy the Dollar at the Discount Price...Meaning all the USD/XXX are bullish e.g USDJPY & all the XXX/USD are bearish e.g EURUSD.
Quite strange but that what happening with the DXY.
With interest rates on everyone's minds this week, I am expecting high volatility every day starting from Tuesday going into the end of the week.
Thursday is the big day with 17 red folders and 4 gold folders (high & medium impact news) so expect hailstones from either side.
Many will make millions
Many will be liquidated
Contrary of the fact that Mondays price...
Going hand in hand with my bias with bonds and yields, I am expecting some form of pullback up to the 103.20 region.
Last weeks projection was to see Dollar trade to and through 103.463 which was met. The thoughts I had then was how far into a discount could we go and we closed the week @ 102.741
102.358 is the 1-hour short term sellside which I will keep an eye...
The DXY is currently trading within a well-defined monthly sideways trending range. Price action is testing a key support level, indicating a possible retracement towards previous resistance. A bullish break of the current 1D/4H downtrend, followed by a retest and failure of the range, could present a potential buying opportunity.
Disclaimer: This analysis...
In this bearish example, we see that the price opened at the close of the previous Daily candle. Price normal mitigates/manipulates into a point of interest created in the previous day. Price will then move down as we are bearish.
For the whole week it's been relatively rangebound but after buy stops has been ran on during Fridays trading, sell stops are a huge possibility, with 103.463 in the cards.
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
-...
The Unicorn entry model in the ICT method combines the concepts of the Breaker Block and the Fair Value Gap, providing a unique approach to identifying trade opportunities. This combination highlights a future area of support/resistance.
A Bullish Unicorn Pattern consists out of:
A Lower Low (LL), followed by a Higher High (HH)
A Fair Value Gap (FVG),...
