DXY RED FOLDER WEEK Analysis
Mid April Price creeped up into the noted SIBI on the daily chart. I had a feeling that price might be turning around after the last 5 months of this bull run to seek the equilibrium level. I need more price action to confirm my bias sentiment. Is this a false break to the down side?
My target for the week was the noted sell stops that were swept today. I liked how price wicked into the D BISI today that I noted from April 10, right to the .618 level.
-Monday Price action had a lot of range taking out intra-day stops, finishing with a down closed candle.
-Tuesdays Price delivered to the buy side taking previous days stops.
-Wednesday was a fireworks of delivery, taking both buy side from previous weeks and sell side from Monday. Price came short of my noted buy stop target by 27 pips.
-Thursday completed the rebalancing of noted FVG and sweeping the equal lows.
-Friday I anticipated price would seek the noted sell stops target. Fantastic delivery and so happy about my target reached.
Long range I suspect that price is gravitating towards the equilibrium level of 103.859 range as a longer term institutional flow.
Mid April Price creeped up into the noted SIBI on the daily chart. I had a feeling that price might be turning around after the last 5 months of this bull run to seek the equilibrium level. I need more price action to confirm my bias sentiment. Is this a false break to the down side?
My target for the week was the noted sell stops that were swept today. I liked how price wicked into the D BISI today that I noted from April 10, right to the .618 level.
-Monday Price action had a lot of range taking out intra-day stops, finishing with a down closed candle.
-Tuesdays Price delivered to the buy side taking previous days stops.
-Wednesday was a fireworks of delivery, taking both buy side from previous weeks and sell side from Monday. Price came short of my noted buy stop target by 27 pips.
-Thursday completed the rebalancing of noted FVG and sweeping the equal lows.
-Friday I anticipated price would seek the noted sell stops target. Fantastic delivery and so happy about my target reached.
Long range I suspect that price is gravitating towards the equilibrium level of 103.859 range as a longer term institutional flow.