OrderHunter

OrderHunter

The reason is on the chart

OrderHunter

IMO the USD is being re-accumulated, beware of the chop and false swings. Most probable situation is they reload in 94.80's before we go higher, 94.40's may even need to be raided, whatever happens be prepared.

OrderHunter

My favourite market CL, looking to raid 59's, could possibly head to 62's before continuing the trend down. Will need to observe and reassess once 59 has been raided, but until then I will continue buying until the raid happens unless I see otherwise.

OrderHunter

Same story as the EURUSD, a raid of 1.5160's and possibly a further move up into the 1.53's.

OrderHunter

See previous DXY chart to understand the lines, in this I have included pink lines to show liquidity pools (stops), these are the levels prices always reach for as this is where the money is. As per the DXY chart showing weakness the EURUSD has been squeezing higher whilst the retail world are still going balls deep short on every up tick. The picture has been...

OrderHunter

Here is the roadmap for the DXY, the green lines highlight smart money buyers, the red lines are smart money sellers, the highest probability is when price returns to the level for the first time. I use the DXY to gauge strength/weakness in the USD and then play the clearest setup it through cable, fiber or gold. At the moment I am still expecting further weakness...