Goodday traders,this is just an idea as to the potential MOVEMENT of the Dxy.
1.Would like to see Wednesday low hold and be low of the week
2.Would like to see the dxy pierce higher to clear previous day high
DISCLAIMER: NFP WEEK IS CHARACTERISED BY ERRATIC MOVEMENT AND LOW PROBABILITY TRADES
Hi traders,this my thought process on Gold.
1.With the USDX having traded lower to clear sell side liquidity and into a discount fair value gap,and gold trading higher to clear buy side and into a premium orderblock(attention to the bodies respecting the point of interest).
With the idea of correlation betweene the 2 and concepts of premium and discount,i would...
A short term move up to fill the 4H imbalance.Also paying attention to how market behaves as it approaches a possible zone of supply where a reasonable trade could be placed to the down side before market continues with uptrend
