We liquidated last week's low and immediately returning inside the weekly range with speed, so we might see price shoot higher to take out liquidity
I'm expecting DXY to short ahead of News Release. Higher Timeframe is driving my bias on this one
The idea is that there is a crack in correlation between GBPUSD and EURUSD, EURUSD did a suspect rally while GBPUSD failed to do so implying that price is getting ready to decline heavily.
Price may reach 1.19676 before dropping if it does, more short positions will be taken at 1.19745 and stops will be above Friday's Asian High. Target is 1.18400
If Price should retrace, it would IDEALLY retrace to the level marked as "Bullish Breaker" and continue higher. If we break those highs at $52038 then we should see price jump even higher from there.
With all eyes on Bitcoin, expectations are high and everyone wants to jump on the train before it's too late. Based Purely on Price action alone and institutional orderflow we're still very bullish on this Cryptocurrency. We saw price retrace to $43 700 where a large amount of sell-side liquidity was residing, We "purged" the liquidity at the high of the...
We are seeing a break in market structure to the downside, shorts should come flying during the London and NY sessions
We saw price reject from an area of mitigation and we had a break in market structure immediately creating clean equal lows for Monday's trading day. I want to see price go even lower to take out the draw on liquidity resting below 93.010
Fair Value gap got filled after external range liquidity was raided, shorts about to come into play
We might see price take out the sellside liquidity resting below 93.368 before climbing even higher for the week. Anywhere Price takes us there will be updates in the private Signals group
This previous week I highlighted 93.900 and 93.010 which turned out to become the weekly highs and lows, I'm looking for price to go higher and break old highs as Institutional order flow is bullish. Overall swing target for me personally is 94.742 and eventually 95.717
Looking at how price the Dollar has been priced the past few weeks, it's pretty clear that bullishness has been confirmed. With that being said, there's a lot of things to consider, with the US elections slowly approaching some extreme volatility is to expected, especially with how this specific year has been going it's wise to practice caution going forward as we...
Efficient price delivery according to my last post, now we can see GBPUSD dropping from that level
Looking at the decline we had from the beginning of September, it's very clear that price is targeting liquidity resting below old lows. we broke market structure at 1.35000 level. I would look for price to rebalance back to this previously broken level before looking to take anymore sell positions. Note price is mostly driven by DXY(Dollar Index) so I also want...