Inducement
EURUSD & DXY OUTLOOK | 4HDXY is kinda aligning with my bias. I personally think it will go for the imbalance and the gap will act like a base. For EU I'd look for shorts in the whole retracement zone. I have two POIs which I marked - 2WT & DBD. I always make sure DXY aligns with EU when I'm entering. Keep it in mind. The whole retracement zone is a big supply zone.
I personally do not think that EU will exceed it but in case it does the same POIs will work as Demand - D>S.
What do you think?
2WT = 2 Way Trap
DBD = Drop Base Drop Supply Zone
BTCUSD | WHY DID THIS HAPPEN? | 1H OUTLOOKI said in my previous BTCUSD post that I'll be looking for low term sells after the ATH inducement. It played out perfectly. But why?
This is my view - The ATH was a massive liquidity pool. After collecting the orders and the liquidity it started big sell movements. Then out of FOMO people started selling because they thought they could "catch top". Twitter was like - "SELL SELL SELL". After inducing again, collecting liquidity orders and imbalance the sellers have been trapped which led to again big upwards movements.
What do you think about BTCUSD?
EURUSD OUTLOOK | 4hFor EU I'd look for shorts in the whole retracement zone. I marked up the levels that I'm interested in so the 2WT and the DBD. I always make sure DXY aligns with EU when I'm entering. Keep it in mind. The whole retracement zone is a big supply zone.
I personally do not think that EU will exceed it but in case it does the same POIs will work as Demand - D>S.
What do you think?
2WT = 2 Way Trap
DBD = Drop Base Drop Supply Zone