as much as i want to see the dollar correct i must go with current market conditions. i am taking a limit order sell on a run above old highs into a gap in price. will update as the week contiues.
Same idea can be seen on EU, the liquidity void created by massive down candle paired with anticipated bearishness on dollar would give a good bullish bias to EU. so we look for OB left behind which can be seen with the purple box and TP with green line. while i did not take this trade ,bullish can be seen in all pairs with xxx/USD today as DXY moves to fill in its gap.
Because we knew the DXY needed to trade down to fill a gap, we go to our pairs to see if for gaps above price to trade into. On GU after the gap was identified we looked for entry at the OB. we missed entry on the first position. so after price expanded we added the second position at an OB that was also paired with mitigation for hour high probability setup that...
because the DXY created such a big gap from sundays opening, combined with the strong bullishness to end the previous week we are able to create a high probability setup. out conformation is the return to the OB left near the high from last week.
just an update from yesterdays gold trade. TP 1 was hit for 100 pips. total range for the day was 200 pips.could see the rest of the objectives be hit but will need the data from today to confirm.
selling gold on a limit order. this should be a setup of what's to come on Thursday.
in this video im explaining how to read the story price is telling you via structure breaks. i also give a little idea of how i use the rsi in my trading. i hope this video helps you understand that price is not as confusing as you may have been lead to believe.
This video is just about the simplicity of reading price and understanding the story it is telling. How to identify point of intrests, and why they form. There is also a free gem at the end of the video about manipulation of DXY and why we are looking to see bearishness on DXY. Enjoy
DXY is finishing up its mitigation and is looking to take out sell side liquidity. the two gold bullseye shows where the bought to sell at higher prices at the end of last week.You can also see how they engineered a stop hunt into the buy with the taking out of equal highs. now they are taking off those buys and are preparing for the selling that will come in the...
im expecting to see a retrace on Wednesday into a gap in price, which also aligns with an OTE with the Fibonacci. Thursday we should see a continuation of trend to take out buy side liquidity
Volatility on news for the rest of the week, after a good weekly retrace back into the recently created range.