DXY March 21 Analysis DXY
March 21 Analysis
Price parent bias is bear
Price is Discount M/W/D
Previous session PREMIUM and PREMIUM on the daily range
NO NEWS
March 20 delivery
Price was in a discount. Asia small consolidation takes minor sell side rallied in London to FVG created in the dealers range and noted buy side targets. Small consolidation. NY rallies to take key buy side from March 10 taken in NY. Retraces to the daily range 50 just barley in a Premium and goes into consolidation.
Note the magnet that the event horizon has been this week.
As price came down to the .70 on the Monthly range price is in a consolidation whipping between the .70 and .618 with long tailed candles. This week price widen that consolidation range.
March 21 delivery
Logic says that price will seek the 50 and lower FVG inefficiencies to rebalance. Note what liquidity is taken and go from there. No news can be high resistance, stay sharp.
Study notes
Price started the week on a sell stops raid making a new low on Tuesday. And yesterday making a higher high coming into the bottom part of HTF FVG.
My Model Factors
Price will have to do the following for me to trade
*session liquidity taken
*macro time only
*first presented FVG
*4 candle pattern
*hour analysis down to 1 min every 15 minutes
*every hour mark out what price has done
Stay open to build narrative once Asia opens.
Stay open to reading price delivery