Following my DXY analysis. Check my previous post. Since we can expect dollar to sell more. I speculated to sell dollar and buy any currency paired with dollar. I am currently looking at a GU potential trade.
Checklist.
1. SMT Divergence with EU. GU created a new low and EU did not. This can insinuate that GU was taken liquidity and EU did not need to purge liquidity.
2. GU is in a daily FVG(bullish) while DXY is about to tap into a daily FVG(bearish).
3. GU momentum to the upside. Although external structure has not been broken so to be safe I am using a buy stop instead of a buy limit or market execution.
4. Liquidity and Imbalance resting above.
Checklist.
1. SMT Divergence with EU. GU created a new low and EU did not. This can insinuate that GU was taken liquidity and EU did not need to purge liquidity.
2. GU is in a daily FVG(bullish) while DXY is about to tap into a daily FVG(bearish).
3. GU momentum to the upside. Although external structure has not been broken so to be safe I am using a buy stop instead of a buy limit or market execution.
4. Liquidity and Imbalance resting above.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.