The objectives are clear for next week. Overall pretty bullish on dollar.
The monthly high is the draw on liquidity. The only question is how should dollar get up to that level.
If we get a manipulation leg down, below the previous week low ( 105.741), that would be the first level/area where I would watch for the first opportunities upward. For that I would like to see a close below the most recent bullish 4h gap outlined.
After that the second level I'm watching is the 105.527, where we have a 4h fair value gap overlapping with a 4h swing high (fair value area/orderblock/support or whatever name you prefer). If we move higher, I would want to see a strong reaction from this area (105.741-105.527)
My bias for a strong reaction is still valid below that too til 104.976. I don't say that price can't go below obviously, I say that I'm watching these levels pretty pretty closely.
Ok be safe byyyyyy
The monthly high is the draw on liquidity. The only question is how should dollar get up to that level.
If we get a manipulation leg down, below the previous week low ( 105.741), that would be the first level/area where I would watch for the first opportunities upward. For that I would like to see a close below the most recent bullish 4h gap outlined.
After that the second level I'm watching is the 105.527, where we have a 4h fair value gap overlapping with a 4h swing high (fair value area/orderblock/support or whatever name you prefer). If we move higher, I would want to see a strong reaction from this area (105.741-105.527)
My bias for a strong reaction is still valid below that too til 104.976. I don't say that price can't go below obviously, I say that I'm watching these levels pretty pretty closely.
Ok be safe byyyyyy
Comment:
Still bullish for the coming weeks. The first half of the week generated liquidity above the range with those equal highs. Turned out FOMC and NFP just brought volatility for the manipulation leg down. As it looks for now. For me to drop the bullish bias price has to continue down and close comfortable inside the fair value area.
First half of next week is low on high impact news drivers. I would wait for the second half of the week before looking for anything serious.
First half of next week is low on high impact news drivers. I would wait for the second half of the week before looking for anything serious.
Got the reaction, now the target (107.350) is clear for the week ahead.
FOMC on Wednesday NFP on Friday. Be safe and smart. Ok byyyy