FX_KINGPIN_

FX_KINGPIN_

Due to DXY 4H high being swept and not breaking structure a weak low was created, as a result there is now liquidity to be taken at that weak low which will cause DXY to potentially move to the downside in order to mitigate an extreme demand zone. As a result if this happens we can expect currencies such as EUR/USD and GBP/USD to move to the upside.

FX_KINGPIN_

With the DXY temporarily bearish to facilitate a pullback on its 4H leg of price we can expect EUR/USD to be moving bullish Aswell as they are negatively correlated. We need to be vigilant and aware of the fact that supply zones lie ahead meaning that we will be open to sells as we approach those zones. The supply zones may end up causing 4H BoS or further bearish...

FX_KINGPIN_

The DXY bullish but currently moving bearish as a 4H break of structure occurred to the upside meaning a corrective pullback needs to occur to mitigate a demand zones below. This means for the time being on lower time frames we will be moving bearish, as a result currencies correlated to the DXY will be moving bullish as currencies are negatively correlated to the...

FX_KINGPIN_ Updated 

I expect to see 4H structure move up to to take weak high which failed to break structure moving into a 4H refined supply zone to move to the downwards aligning with the Daily and Weekly charts.

FX_KINGPIN_

EUR/USD seemed to react with a very high amount of momentum to the downside. With such a high momentum move it appears demand zones may potentially fail and a break of structure on the 4H may be approaching. On the flipside 4H bullish structure may hold as lower time frame structures may align and give reason for us to go bullish. If we go bullish, we may go...

FX_KINGPIN_

With the 4H now having multiple breaks to the upside and us closing in on the daily high, it appears we may now be able to create a new higher low within the next few days. However, we need to keep in mind that we never actually mitigated a meaningful strong daily demand zone, so price may actually reverse and look for a deeper daily pullback mitigating the daily...

FX_KINGPIN_

With 4H internal being in alignment with 4H swing structure I expect that we can expect a deeper daily pullback into a potential daily supply zone. However due to daily selling with a lot of momentum I do not expect us to go too deep and expect for us to simply mitigate the first zone in which I marked out and move to the downside from there.

FX_KINGPIN_

15M OVERALL STRUCTURE BEARISH, INTERNAL BULLISH AND HTF STRUCTURE IS BULLISH. Despite all of this I believe 15m structure will continue bearish as I believe there is still room for bearish structure. Currently I am in buys going into 15m supply for sells when my entry model alligns.

FX_KINGPIN_

Whilst price is still bearish, I believe on the 15m temporarily we will be bullish for the sole purpose of taking a weak high which failed to break 15m weak structure.