Looking for this long position. FOMC coming up too. FOREXCOM:EURUSD
-JordyDaddyFX There is liquidity sitting above the highs see how there's a triple top. rice can go ahead and sweep those highs off if DXY will continue to be bearish. Until then my BIAS on DXY remains BULLISH. I will buy off on the 1H chart when it touches the OB or fills in the FVG by it. I will take partials but keep in mind price won't likely go to those...
Since DXY is consolidating there's no actual direction right now. Juts trade within the range and don't expect much. Since price broke a high price can reverse and go a bit lower just like how it did yesterday. Either buy to sell or sell to buy scenario.
Wykcoff accumulation is spotted to me for the USD. So i expect it to sell to fill the inefficiency then shoot up or sell to the bearish OB then shoot up.
Going into the new week, we can expect the Index Breaking the Market Structure to the upside and creating a swing low at the Previous Bullish OB before rising to create an higher high thereby clearing the Liquidity Engineered.
Liquidity are yet to be taken out to the upside. Price Retesting an OB possibly creating a Bearish Order Flow. DXY @ a Daily Bullish Order Block.
Reentry on my view from 06/16/20 price finding support at H4 +ob see a retracement taking out buy side liquidity on previous days highs 0.69000 a level a lv to pay attention too also filling FVG that is shown on H4
This is just my view and that can be incorrect!
This is just my view and that can be incorrect!
Learning price action (ICT and Proficient from youtube), seen a possible set up. Would be great to hear some feedback. Thanks in advance.
I see Telsa grabbing buyers off the (resistance/floor) that was presented to them all the way to the 3H OB before selling to clear the liquidity at the bottom below the resistance.
Based on various Smart Money Concepts taught at outcomereach.com, I see a possible sell coming for XAUUSD on the 4H TF.
EURUSD waiting for the breaker to seek the liquidity below