DXY - Would You Believe Me If I Told You I Was Long?
Last weeks fundamentals created fireworks in the market, with all the banks in the world except for Japan's has maintained their rates; 5.25% for UK and 5.50% for US whilst price action for the dollar as rallied.
I am confident 105 buyside liquidity is in the cards to be purged in the near future but in the near term, I am expecting 104.660 to be met.
That could lead to a sell-off in cable and euro; something to lookout for.
My philosophy is simple...
Fortify Michael J Huddlestone's concepts that I have studied to consistently predict where the market is more likely to go.
This includes;
- Market Structure
- Buyside/Sellside Liquidity
- Order Blocks
- Liquidity Voids
- Fair Value Gaps
- Optimal Trade Entry
- Premium/Discount Array
- SIBI/BISI
- Many More!
The strategies mentioned here are some of many that I use to implement into my analysis and over time, with consistency I aim to achieve a high degree of accuracy in the markets with the foresight and understanding to assess what went wrong when my bias is negated.
Credits;
- Michael Joe HUDDLESTONE
- Shawn Lee POWELL
- Toray KORTAN
I am confident 105 buyside liquidity is in the cards to be purged in the near future but in the near term, I am expecting 104.660 to be met.
That could lead to a sell-off in cable and euro; something to lookout for.
My philosophy is simple...
Fortify Michael J Huddlestone's concepts that I have studied to consistently predict where the market is more likely to go.
This includes;
- Market Structure
- Buyside/Sellside Liquidity
- Order Blocks
- Liquidity Voids
- Fair Value Gaps
- Optimal Trade Entry
- Premium/Discount Array
- SIBI/BISI
- Many More!
The strategies mentioned here are some of many that I use to implement into my analysis and over time, with consistency I aim to achieve a high degree of accuracy in the markets with the foresight and understanding to assess what went wrong when my bias is negated.
Credits;
- Michael Joe HUDDLESTONE
- Shawn Lee POWELL
- Toray KORTAN
Comment:
104.149 daily previous highs has been retested. I consider this move to be a healthy retracement in form of manipulation which is stage 2 in the 3-stage power of 3.
Trade closed: target reached:
104.660 bullish projection has been met
Trade active:
Stretch target of 105 buyside is still in the cards.
