Bearish bias on DXY lining up with EUR long. Looks like price generated enough liquidity from late yesterday's consolidation. After an expansion phase to the upside, an accumulation phase is always happening in price action. The job here is to wait for some kind of liquidity sweep on the lower timeframe, keeping in mind the time. Time = News.
DXY is now ready to take out the sell-side liquidity. Anticipating a bigger move down, in line with the higher timeframe bias. I'm keeping it short now ok byyyyy
Honestly I waited for FOMC to push price lower. But the fact it couldn't even create a daily gap down, close below previous days low or couldn't even disrespected the weekly gap, made me stack up more argument on the bullish side than the bearish one. On the lower, 4h timeframe we have created a bullish balanced price range. How price deals with that will show...
We've came into a higher timeframe key level. The midpoint of the monthly fair value gap. Everything is in line for DXY to dump. The change in the state of price delivery is visible on the 4h chart. FOMC can bring the volatility to send price lower to the monthly low firstly, than further down (waaay down). Ok that's all byyyyyyy
Looking gooood. The frank is in line with the DXY so its a good confluence. Really nice reaction from the weekly gap, now I want to see a bullish gap out of that. With that in mind the 4h is looking good for buys soon. I would like to see a small retracement into the most recent gap, overlapping with a high. My alert is on that level for now. Basically we want to...
Very nice reaction from the weekly fair value gap. The orderflow is also bullish, respecting bullish pd arrays. We have a balanced price range on the daily timeframe, that should left untouched. A reaction from this 4h gap to the upside is highly possible if we are seeking buyside liquidity. The thought process is: -We had a buyside liquidity raid, from an old...
Finally we were able to break out of the consolidation range on DXY. EU did not closed below the consolidation low, but the draw is clear here too. We are heading towards the monthly gap on DXY and EU too. Could be a very low resistance run, there is really no speedbump/bullish array below us on any timeframe. I don't want to see a retracement on DXY, neither on...
Tomorrow will decide where we close this candle. If we close above previous week high, that means we are above a weekly order block mean threshold too. Too in one confluence. If we don't close above, than I would't watch for higher objectives. Only intraday small scalps.
Alongside with DXY, I'm switching my bias and start hunting for bullish setups on the lower timeframes. The overall move I'm watching is on the chart. Ok be safe byyyyy
The fact that 4h gaps are being printed with this momentum, indicates that price really do not want to meet higher objectives. This is the plan, and the levels I'm watching right now. Ok byyyyy
We are currently forming the weekly gap, which is a huge bullish sign on the higher timeframes. We also in the making of a 4h imbalance. For the upcoming days, I would want to see price come back at least to this 4h gap on the top. It could retrace lower, but it is too far down for my eyes. Price already offered fair value during the prior consolidation phase. So...
Previous weeks reaction from the daily gap should have sent price higher, but there was no volatility in the market... Very suspicious I should say. The lack of momentum to the upside is showing that we might trade back into the daily gap, to an overlapping high to be exact. That is what I'm watching for now on DXY, and the reaction from that level. Wednesday will...
Best case scenario for the decline is that we react from the 50% of the daily gap, than sting up for an internal liquidity ran, as high as the 4h gap is. Than price displaces, and respects bearish orderflow. Invalidation of the idea is when we close above the 4h gap. Ok byyyy
Possible move for EURGBP. If we close below the hourly gap and respecting it, than the next target is outlined. If not, and we are closing above the gap, the target will be the internal range liquidity. Ok byyyy
The only bullish argument we had was the daily gap that now is being smashed through. The candle is still printing, but most likely we will see bearish moves on gold. Targets and invalidation is outlined. I'm bearish as long as price proves otherwise. Ok byyy
The weekly gap is acting like a magnet now, after the higher timeframe liquidity has been swept. Now at least we should look for an internal sell side liquidity to be taken. The idea becomes invalid if we close above the invalidation line on the daily. Now we should wait for the sting up into the daily gap. Than a decline. Ok byyy be safe!
The fact that we didn't raided sellside and closed above a 4h gap, is showing that we might seek for further upside targets. I've outlined the valid targets for the first half of the week. If the weekly profile is working with a Wednesday high, than this move is highly possible. BUT! DXY is not being clear with its price action. The first half of the week should...
Let's see how you can capitalize on potential price moves, and how I have executed on this EU move (forecasted here publicly btw, see previous post). The first and most important thing is our higher timeframe bias, and the higher time frame draw on liquidity. In the previous post I've marked out the 4h potential areas. The 4h areas came from the daily timeframe...