DXY Jan 29 Analysis-back testing logDXY
Jan 29 Analysis-back testing log
Price completes trading/rebalancing inside a HTF FVG. Price rallies to rebalance a Hourly FVG from Jan21.
Asia Price is delivering to a discount.
London 2022 model, Price comes down takes out recent key sell side liquidity rallies to MOG and launches to the 50.
2 macro starts the rally
an hour of heat
4 macro price seeks the FVG coming to the edge teasing me.
Small consolidation expected after a big rally and choppy.
NY-7;15 takes buy side liquidity and 8 macro pumps to the FVG setting up for retracement. 9 macro Price retraces the inefficient price from London and stops just shy of the .79
Note-previous day was high resistance pattern, where as this day was low resistance-THESES ARE THE DAYS TO TRADE.
Note-When Price has big gaps like this its tipping its hand that its going rip. Seen this pattern enough times to start to trust it.
DXY trade ideas
DXY Jan 28 Analysis-back testing logDXY
Jan 28 Analysis-back testing log
Price trading/rebalancing inside a HTF FVG from Dec 18.
Very informative day to note, this is exactly the kind of candle stick formation of the whip saw and no key level of liquidity taken. Take the day off.
Candle sticks can be seen better on LTF.
DXY Jan 27 Analysis-back testing logDXY
Jan 27 Analysis-back testing log
Price trading/rebalancing inside a HTF FVG from Dec 18.
Asia Price is delivering to a Premium in a consolidation pattern takes recent buy side liquidity, creating higher level of equal highs.
Note Price does not take the higher buy side liquidity.
Note the range bound candle pattern, DO NOT TRADE IN THESE CONDITIONS.
London Price fake moves in 2 macro only to create equal highs. At 3 macro Price takes those highs, and aggressively lowers, for the 50 level slicing through recent taking sell side liquidity, landing right on NWOG. Weaves in and out of Friday's gap.
4:50 structure is broken as Price kisses the 70 level and declines again to the know sell side liquidity.
NY Price rallies at 9:15 toward the 50 level, rebalancing efficient delivered in London. By 2 Price comes back up to hit the 50 level.
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U.S Dollar Index (DXY) Rising Wedge Potential Reversal !!U.S. Dollar Index (DXY) on a 2-day timeframe, a rising wedge pattern. Here’s a breakdown of the technical analysis:
Key Observations:
1. Rising Wedge Pattern:
The price has been following an upward trajectory within two converging trendlines.
A rising wedge is typically a bearish reversal pattern, meaning a breakdown could lead to a decline.
2. Recent Price Action:
The index has recently dropped from its recent high near 108.107 and is now trading at 107.807.
This suggests that selling pressure is increasing.
3. 200 EMA Support:
The 200-period Exponential Moving Average (EMA) is currently at 104.510.
This is a key support level—if the price breaks down from the wedge, it may test the 200 EMA.
4. Potential Scenarios:
Bearish Breakdown:
If DXY breaks below the lower wedge trendline, the index could drop toward the 104.5-105.0 level (200 EMA).
A further breakdown may lead to a decline toward 102-100 levels.
Bullish Continuation:
If DXY bounces from current levels and reclaims the upper wedge resistance, it could push toward 110-112.
However, this is less likely given the wedge structure.
Conclusion:
The chart suggests a potential reversal in DXY.
A breakdown from the rising wedge could lead to a decline toward 104-105.
If bulls regain strength, DXY may attempt to push higher, but upside is limited.
Traders should watch for confirmation of a breakdown or bounce before making decisions.
DXY Trading JournalDXY Trading Journal
Jan31
I am very happy with yesterdays Price action. Price did gravitate to the 50% level where it rebalanced a 15M FVG. I also stated that The volume imbalance event horizon, along with MOGs could be a magnet, It sure was! Great analysis.
Price consolidated in Asia coming to the 50 and FVG in London. Price took equal lows, wicking into the volume imbalance from Monday, bouncing at the CE in NY with manipulated ND. Price created equal highs easy target to the buy side today.
Price is delivering to a Premium on the Daily and previous range.
Seems likely that Price will consolidate in Asia and potential reach for the equal highs before coming down to the 50 level, where there is a 15M FVG to rebalance.
There is Red folder at 830 in NY.