With the weakness seen in the US DOLLAR INDEX in the recent weeks, we've seen a surge in price on foreign currencies like EURUSD 7 GBPUSD. A rally is also expected to unfold on this asset class but price insist to stay inside of a consolidation Range.
I outlined a level as sell stops, that's where I believe the pool of liquidity is. price did infact...
Shorting EURGBP to the next available draw on liquidity.
A potential 300 pips ROI.
A standard lot should run on a $3k profit. Let's see how price fair from here.
Compliment of the season folks, this is my short term Analysis on DXY INDEX as we begin trading for the year 2023, with price haven purged couple sellside liquidity, i'm anticipating a Judas swing/Protraction face in the market to fill the inefficiency above, all the way up to the the mitigation block and order block outlined above to activate orders at this...
