$DXY
Top down Analysis and Weekly Outlook:
Starting from Monthly down to Hourly chart explaining how I approach a market before taking a trade ( thread ๐งต )
Top down Analysis and Weekly Outlook:
Starting from Monthly down to Hourly chart explaining how I approach a market before taking a trade ( thread ๐งต )
#Monthly TF:
The previous monthly candle closed below the body of Monthly order block, which should act as a Breaker Block now and we can see price has already reached its CE/mean threshold.
I would like to see it getting rejected here
The previous monthly candle closed below the body of Monthly order block, which should act as a Breaker Block now and we can see price has already reached its CE/mean threshold.
I would like to see it getting rejected here
#Weekly TF:
On weekly TF, we can see price already traded into weekly FVG, inverse FVG and weekly FVG which, combined together are a strong confluence to resist price going higher and send them lower
I would like to see it getting rejected here
On weekly TF, we can see price already traded into weekly FVG, inverse FVG and weekly FVG which, combined together are a strong confluence to resist price going higher and send them lower
I would like to see it getting rejected here
Zooming in on #Daily TF we can see price just traded into Volume Imbalance and closed like sweep of previous daily high which should act which is a sign of reversal for me.
However, we can still trade into V.I or trade through it. Invalidation will be daily closes above V.I.
However, we can still trade into V.I or trade through it. Invalidation will be daily closes above V.I.
Moving down to hourly TF we clearly see a sweep of previous high and rejection with displacement creating an FVG
I would like to see prices getting rejected from CE of FVG and heading lower to take those sell stops which in this case should act as magnets for price
I would like to see prices getting rejected from CE of FVG and heading lower to take those sell stops which in this case should act as magnets for price
Last week's prediction was spot on. Let's hope market provides for this week too!
Loading suggestions...