DXY Feb 10 to 14 weeks analysis DXY
Feb 10 to 14 weeks analysis
Weekly Price has dropped past the .50 level, seeking key sell stops, completing its rebalance of a BISI from dec.
Fridays candle body breaks institutional structure order flow. Note how on Thursday prices reaction on the .50 level in the current trading range and energetically displaces to below the .618 and how Friday continues that trend to the .70 level.
Note how Price spent a lot of time at the 50 on this range and has swept sell stops.
Note that Price is in a double discount on the daily and hourly.
Note how Price has predominately working the lower half of the HFT FVG since Dec 18.
Note that Price has taken all sell stops but the two remaining since Dec 6 low.
Feb 17 to 21 ideas
This week we could see price retraces to rebalance Thursdays inefficiently delivered price as a shot term idea. There could be a raid on stops at the noted equal highs before bearing lower, as an idea for the week.
However if we are in fact bearing it will gravitate to the Daily BISI and noted sell stops-short and long term targets.
This week I want to focus on what liquidity is taken and when. TIME AND PRICE. I have been studying before the market and making a projection and EXCEPTING it to play out. That strategy while informative is creating a habit of inflexibility to me not being dynamic and flexible.
I want to be adaptable to what the tape is reading and create a day plan from there.
