DXY Forex Analysis: Price create liquidity below which should be taken out.
Price failed to hold on the daily time frame to the downside. Therefore, there was a massive ejection price traded into a mid threshold and might continue into the 4 hours timeframe liquidity above, otherwise, price should retrace from the point of interest identified.
Inducements began few days ago prior to the move of market structure going to the upside price created liquidity and price finally broke structure and ran massively to take out all the liquidity below including trendlines and normal support and resistance strategy. Price played out as expected.
GBP/USD Accurate Forex Analysis with Smart Money Concept. Few days ago, it was given that GBP/USD is going for a retracement after it grabbed liquidity which made it a sell to buy setup, currently price have done the needful priced dived down and ran up massively to seek some higher liquidity. Though they were not taken out fully, before the fall but they took...
Yesterday, I sent a chart explaining how GBP/USD has taken liquidity from the highs of the week and where it was heading before going to grab liquidity. Price took out all sell stops on it way down.
GBP/USD after taking liquidity more were formed and price broke structure to the downside following through mitigation policy. We sell into a potential area for a latter push up into the liquidity created after the formation of the break of market structure.
US 30 seems to have traded into a high waiting for the retracement into a discounted zone for price to reprice up. But we have to try to follow the banks into the repricing area.
As predicted earlier, rice traded into our order block of interest and there was a bounce off into the highs for about 200+ pips
Price sold into a discount array before a bounce off, and today's market was in consolidation all through.
US30 is bullish on the long run but price retracing back to the bullish order block after breaking of the mid threshold, there should be a fullback up.
Price touching the resistance of the 4-hour timeframes, selling gbpusd into a discount array for a buying opportunity.
The GBP/USD pair has just reached a level in the daily order block so what should we expect the price to do next. This gbpusd forex analysis will give us a hint of where we're expecting the price to go next.
DXY Projection zones and study chart. DXY as been so bullish, know where price will go next is vital
Last week, I marked up the charts for the price to take out liquidity from the market and price have just completed its mission. Where NEXT? You might be asking the question. Understand market structure and just allow price action to tell the story. Liquidity has been grabbed from higher prices. Price trades down, so we expect price to do its thing. When all...
The Dollar index is in great array especially seeing price taken out liquidity from the upside to break market structure to the downside leaving a trendline that might be taken out. It should be the draw on liquidity. At least, it is what I expect.
Having seen the possibility of price going to the upside, the price took out liquidity below the last swing low and structure broken, liquidity spotted above the price level. The dollar on this is set to be weak leaving the euro with a bullish opportunity.
GBP/USD should sell seeing that price has gotten to our area of interest.
After we traded the massive push down which gave us at the FXTD Academy 1:17 Risk to Reward ratio, we saw price purge liquidity to the downside and mitigating an order block. We saw market structure formed and saw the possibility of price going up thus, we made the prediction and accurate entry was given and BOOM! here we're Target Smarshed with +61 Pips profits...