DXY April 3 Analysis DXY April 3 Analysis
*My parent bias is bear
*News 8:30 & 10
*Previous session price is in a discount the and in a discount on current trading range.
April 2 Analysis
Fantastic sell off that I was suspecting in NY. Price did not reach for the buy side I suspected however, In Asia Price did take very minor buy side at the 3 macro London and starting selling from a Premium. Retraced before NY open. And continued to sell off. Nice silver bullet at 10 macro, coming into the hourly FVG. Small retracement at 12 and small consolidation. At 16:00 huge retracement and wick sell off to make the low of the week I was again looking for. Notice how Price took weeks of sell side in 1 day. Great delivery.
April 3 Idea
I could see Price in Asia and London continue to sell off completing the rebalancing of the hourly FVG and seek the clean equal lows. Reassess for NY after that. That said there are 2 new drivers in NY to be open to reading what the chart gives me.
Stay humble to what Price prints and don't get stuck in any idea yet be nimble.