The Dollar(DXY): Charting the Path to Bullish MomentumGreetings Traders,
I'm observing a sustained bullish institutional order flow in the Dollar, targeting the weekly and monthly buy stops as my buy-side objectives. Currently, we're operating within discount prices, having rebalanced the daily discount Fair Value Gap (FVG) and tapped into the mitigation block, a zone of institutional support. Additionally, price has respected the rejection block and provided a market structure shift, signaling a potential continuation to the upside.
Watch the DXY & GBPUSD Weekly Outlook Video:
Feel free to leave any questions you may have.
Best Regards,
The_Architect
Discount_and_premium_price
Buying the demand (possible market breakout trap)Market has been range bound for a while now, going back and forth within the novice space. We expect it to breakout to the downside soon. The moment this happens, we look to buy at the price level where demand exceeds supply according to what the price chart dictates. At this same time, some traders are likely to be trapped if they go short on the breakout. This is all about market timing.