Here this is the DXY yearly range on the monthly time frame.
I do not think we are going to see another rally in the dollar during this year.
We have failed to break a previous monthly high and took out the pervious monthly low.
According to the yearly open we are in a premium range.
You can see how earlier in the year the discount range is...
Here we can see the DXY made the high of the week on Monday.
We are now crossing over Sundays opening price after rallying up into a discount or overbought range for the weekly range.
Price is falling fast.
What are the odds of price rallying back up and taking out the pervious daily high?
I will favor sell side liquidity targeted going into...
We can see that the dollar index was in a consolidation last week.
This week we can see dollar run into a premium above Sunday's Opening Price.
Currently Monday holds the high of the week.
Today Tuesdays daily range broke the daily low formed on monday and not its high.
Are we seeking a selling opportunity Wednesday? Preferably. Failed to...
Here we can see the classic AMD but with more time specific regions.
I have a time window of 1am to 3 am to hunt a opportunity to go long on a bullish day.
This is how I filter trades.
We can also see the Asian session standard deviations.
GBP/JPY and GBP/AUD did not give dynamic moves like GU during London.
Here i'm showing you how to filter through pairs when the DXY is moving sideways.
DXY in consolidation = EU, GU, NU, AU in consolidation
This makes the crosses highly more manipulated.
You want to find the strongest and weakest and match it up to make a currency pair to trade.
Here we are looking at the Dollar Index compared to the FX Futures (Continuous Chart).
All the signs:
6B1! = British Pound Dollar
6N1! = New Zealand Dollar
6C1! = Canadian Dollar
6J1! = Japanese Yen Dollar
6S1! = Swiss Franc Dollar
6A1! = Australian Dollar
6E1! European Dollar
I have everything on the same % scale.
I am simply looking at who...
Price kept bullish and ran more than 40 pips above the Asian High.
That would be the max stop and calling it a quits.
Did not get the fade or judas swing between 1am-3am.
Can't win them all.
No AMD setup.
Here we can see the Asian session is in a tight range and is less than 40 pips.
This would make London favourable to trade.
Notice buy stops have been taken.
Retail looking for longs?
Commercials looking to short?
This is how I view the market.
If price is bullish we will see Tuesday or Wednesday make the low of the week.
Monday was a small range day which is not surprising giving all the excitement from the CPI last week.
Here you can see the IPDA data range levels displayed on the 4h chart.
Here I am looking at a bearish breaker within a premium range.
We have taken sell side liquidity from the 20 day low and 40 day low look back.
Here we can see retail traders are trapped above that swing high.
How do we know this? Simply see how quick price distributes after the buy stops are taken.
That move to the downside is attractive to any trader, however, this is how they entice retail traders to chase price and sell late!
By the time retail is all shorting the commercials are...
Here we can see DXY is clearly not breaking swing highs.
It not looking to seek buy side liquidity above swings highs.
Instead we can see price seek sell side liquidity below swing lows.
We also can see here on the daily a swing low is broken and price follows with a lower swing high forming
(High probability scalp model in play).
I would like...
Here we can see the DXY is overpriced and overvalued.
It is currently sitting within a premium range.
When I see premium I think of commercials seeking short opportunities typically back down into equilibrium of the range.
In order for price to seek higher price it will need to see at least equilibrium or discount for commercials to load...