I see a fvg on the four hour and when you view it from the lower time frame perspective i see liqudity up above inside that fair value gap so in the later hours i expect to see market trade up into it and then reaches for it downward objective....this is my journal for today
this idea can possibly be wrong but i am holding the idea that dxy is likely going to sell a great deal from here....risk management is important. this is not a financial advice!!1
lets see and monitor dxy delivery, it has a bullish profile for the week in my perspective but im expect a little sell retracement to continue the buy...this sell is going to cause some major currencies to buy watch out for intraday bullish scenario in foreign currencies
watch out dxy for short which is long for foreign currency eu and so....study the price action like i pointed out earlier this week the weekly profile fordxy is bearish
our ideas for dxy yesterday delivered perfectly and it is all good....lets keep the idea moving it is best to study and understand the way price is booked it is randomness it is algorithmic....Many know...few sees and some understands
let' study dxy price action together, these way we will understand what is going to happen on other foreign currencies most times when dxy is selling foreign currencies are buying...this is not a trade advise just a way to study and see how price unfolds....proper risk management is key....lets keep it coming and studying.....i dont post often cause i believe...
the weekly profile for dxy, dxy is most likely going to expand to the downside, so the draw on liquidity is bearish...watch for for intraday price action during fomc...check the breakdown on my previous post to be able to understand what to expect from foreign currencies
Most likely expecting an intraday short bias in dxy, expecting the market to draw to the downside for downside liquidity. .look at the chart and try to understand before taking a trade this is not a trade signal. trading involves risk try and apply proper risk management. This decline in dxy might imply intraday bullish movement in foreign currencies
