Hello fellow traders , my regular and new friends!
Welcome and thanks for dropping by my post.
Watching for this pullback on USD to baseout and go on long. Last friday I had my first Tiktok live and shared on Long UJ. The rally was short lived after the news but was enough to get some profit.
Do check out my stream video for the week to have more explanation...
Price is rejecting off the monthly FVG/BPR but I'm not convinced yet that it's going down. This week's weekly candle went O-L-H-C tapping into the weekly FVG on Monday which is bullish but there was no expansion past the weekly -OB or FVG.
Overall I'm still bullish. Targeting the Oct '23 high and the CE of the monthly FVG.
DXY entered premium pricing in the current price range and rejected off of a weekly order block and FVG.
Therefore expecting the Week commencing 19th will be a bearish week.
If this week's high is taken then that will invalidate the idea.
It is safe to say it has been an energetic start to the year, underscoring meaningful shifts in the economic landscape and rate expectations.
Last week delivered a busy slate of tier-1 risk events; this week’s economic calendar, however, offers a lighter docket. Monday is poised to be a snooze. Void of tier-1 numbers and US banks closing in observance of...
weekly closing below the weekly fair value gap . it tends to send the price down to the equal lows below in the coming weeks. let see is there is a momentum to drive it up. next wednesday and thursday having the high impact in on dollar. let see how it react. before that , monday and tuesday like to to move the price with the magnet downside
On of the 2 scenarios to play out
I’d like to be cautious on mondays.
I wait for the mondays range to play and take a trade on Tuesday, which is likely to the high or low of the week, breaking past mondays range for a turtle soup (liquidity grab)
Learn the different types of Weekly Profile Templates, and also Daily Profile Templates (ICT concepts). Price moves at...
#DXY
UPDATE
Hey team hope you all are enjoying our ideas and analysis. Now we are here to discuss about DXY. DXY is at a strong resistance level that is at Feb retracement level 0.5 to 0.06 . We can see a good drop in price here. We can see price around 100 soon. And this will effect while forex market move.
When market will open we will update further...
Daily analysis: As the price has been closed above the D-BSL & W-FVG, & situated between D-FVG, so if we get any daily closer above the D-FVG-CE (105.048), Then we are going towards the D-BSL- 106.006 level.
Daily Bias: Bulish
Hello Birdies,
DXY was in range since 2014 and in doing so create a bullish rectangle pattern.
Which had a breakout in April 2022 now we are about to have a retest of the pattern.
If this is a success and we get a bounce from here it means bearish for indices and crypto.
Now if we see it from smart money concept we see that.
There is a monthly and...
Here are important key levels to watch on Dollar Index on a daily time frame
next week.
Consider these structures for pullback/breakout trading.
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Here's a little update on USDX. I've been scalping this short with a long bias for a while now; as you can see, we're approaching a major trend line.
Of the many possible outcomes, these are the two I'm watching for the most.
1. We move to the upper resistance zone around 105.75, followed by a wick back down into the larger pattern, which would generate...
