FX:GBPUSD - Currently GBPUSD is in a downtrend on the higher timeframes . - Daily FVG is present at 1.27000 - 1.24000 - We have a 4hourly Buy Side Liquidity @ 1.22250 - I'm anticipating a run higher into the daily OB where we can look for shorts - Targeting these sell side levels ; Target1 @1.21050 | Target2 @1.20400 | Target 3 @1.20100 SAFE TRADING ALL
Dollar : CAPITALCOM:DXY Expecting a grab of asain low where i will look for longs to close as a bullish engulfing daily candle
Dollar Review Weekly View : tested the C.E of the prev weekly candle. Daily View : want to see price trade into the daily fvg & look for buying confirmations Hourly - 30min : waiting for a close of the NWOG then a sell down into the discount area
We had a positive dollar pushing price up higher yesterday with the news event. Watching to see what we going to get today at 4pm with the next news release for USD. If price rejects 106.800 we will see 106.00 next if price breaks 106.800 we will see the next BSL get hit
TVC:DXY taking a look at this pair from the weekly down to the 30min Timeframe Expecting dollar to get weaker short term waiting for better discount zones to buy up till the BSL at 108 Waiting for news release cpi for dollar to come out - want to see a liquidity grab and fakeout then a tumble over to the downside
Dollar & Gold Review - Waiting on dollar to take out asain low SSL - Gold to target 1880 4H key level double top
DXY & XAU/USD - overall market sentiment stays the same -
DXY to target 108.00 Gold to target 1805.00 wait for nfp news to come out then enter 10mins after news. Bullish dollar bias for nfp
Waiting to BUY DXY below 105 and targeting 105.900 Waiting to SELL US30 above 34600 and targeting 34280
DXY - still running for weekly liquidity zone GOLD - Price is testing in a daily fvg & OB : looking for more sells US30 - Trend continuation expected to the downside
Daily Breakdown Review on DXY GOLD & US30 - DXY : Price started moving into our direction - GOLD : We had a clean sweep of1930 yesterday we will target 1905 today - US30 : Clear downtrend after a liquidity sweep of the buy side liquidity
Updated Market Review Waiting for price to test 104 Waitiing for Premium Zone to test Waiting for 34800 to get tested I will update the chart screenshots in this thread
Market Update on DXY / GOLD / US30 DXY took out buy side liquidity GOLD came to test H4 breakerblock US30 came down into a discount area for demand
This is my current outlook on the market pairs provided
Looking at more sellers coming in on GOLD with the Dollar strength after CPI news came out positive. Will be updating along the way below . Share your thoughts
Taking a look at Nasdaq Current Structure we can see a Correction taking place after the impulsive drop , following that we can see a Bearish Continuation Potential Trade lining up for us . We can see the same pattern that has played out on Nasdaq : Impulse - correction - continuation Phase in the market Copying the Bar Pattern that previously happend on Nasdaq...