With EU in clear bearish flow and the draw on liquidity being the lows into monthly gaps, we would anticipate a run into the 1 hr FVG which if we see structure shift to the downside, could give signals to entertain shorts
In the upcoming week from a technical perspective, I am looking for dollar to show a short term retracement into the marked area before a bullish expansion continuing dollar strength
Au approaching a previous week's low with the potential of a liquidity grab and bullish rejection. Also could be seen as the spring of a wyckoff schematic within a 2d FVG
After the bullish expansion from the 2d FVG, AU has returned bearish and will look to target the previous week's sellside liquidity. A short term bullish week open into the marked FVG could provide entry for shorts once it fits the trader's model.
After clearing buyside liquidity we can expect a revisit to the previous demand to clear sellslde liquidity during the next trading week. A return to the marked bearish FVG could be a potentially entry to participate in shorts during intraweek
The rejection from the daily supply of the pullback on the dxy seems to be over, with the liquidation of the lows also creating a weekly fvg for a later return. For now we hope to see a bullish expansion breaking the highs and continuing to the upside
