Month April IPDA Range | DXY | EURUSD | GBPUSDIPDA Range looks back 20-40-60 to define Liquidity Reference Points (Old Highs/Lows and Imbalances).
DXY is showing Bearish Price Action with BEARISH APRIL SEASONALITY, TARGETING 20 & 60 DAY LOW ~ 102 AND 100.8.
EURUSD is showing Bullish Price Action with BULLISH APRIL SEASONALITY, TARGETING 20 & 60 DAY HIGH ~ 1.103.
GBPUSD is showing Bullish Price Action with BULLISH APRIL SEASONALITY, TARGETING 20 & 60 DAY HIGH ~ 1.24500.
LOOK FOR EACH PAIR SEASONALITY, COMBINE IT WITH MONTH AND WEEK HIGH PROBABILITY TRADING TIME AND ECONOMIC CALENDAR TO DEFINE YOUR HIGHEST PROBABLE TRADING DAYS.
Have a nice April :)
Ipda
XAU/USD IPDA Update Feb 2023Hello Traders!
As you can see price took out the 20 day high and ran to the 20 day low.
But why?
There is Buy side liquidity above that significant high.
There is Sell side liquidity below that significant low.
The primary drivers of the market is the interest rate and liquidity.
Once again another example of IPDA giving clear paths of a trade idea (other macros need to aline).