GU appears to have completed a distribution on the 4HR leaving an unmitigated last point of supply. look for LTF accumulation and buy into sell at LPSY
Potential for large downside on EJ. Weekly supply orderblock was mitigated and uptrend was broken, Internal liquidity was mitigated to turn price around so next possible target is the previous weekly low as an external liquidity target.
Short term sell to long term buy on USDCAD. Could bounce in the middle and not return to the 1 Hr order block at the bottom. Will look for lower time frame accumulation.
Looking at current supply and demand levels in the 4hr and daily time frames of DXY, price is currently coming into a demand level. If this demand level holds, then price will be expected to touch the level and turn higher towards the labelled supply level. Looking at pairs that trade against the dollar, AUDUSD/GBPUSD/EURUSD all are very close to supply on similar...
This is an analysis of the potential moves of the dollar given where current price is, and the nearest supply and demand levels. Positions in other markets are being set based on these levels of the dollar. Further details in the attached notes.
