nice change of character here also in a 4hr sell zone push below this level bears in control a safer entry would be waiting for another higher low
im waiting for a nice sell off b4 continuation just got a change in charater meaning a slight trend change now im waiting for my sell candle to turn pink for a sell and since we have a ton of liquidity resting below my eql lows and also trendline liquidity "tll" now its just a waiting game
its getting towards end of session but i think this play here can happen targeting en highs and possible r1 but like i said getting close to end of session so could have new levels at 4pm cst this setup had a bulish choch and we are also getting bullish candles here so either a nice 50 pip pull back for entry or we can take off soon equal lows were filled on...
dxy did a small sweep above those equal highs and created another order block just recently retested it and fell so break of this dxy higher low were going to start seeing dxy take a nice dip to that 109-110 level
now price is sitting at a strong level now the problem i have with this setup is we havent had a break of structure and we have liquidity rest right below where these last lows were made which i believe will be taken out b4 further upside right now is a waiting game see what price does next
theres equal highs here so i beleive we see a test to that orderblock which is right by a key pivot level dxy still has a bit more upside when it gets to that level ill see what it does but if bears come in we could finally see dxy make a nice move down but until then its not done yet !!!!
theres liquidity on both sides equal highs and lows price been here before and failed to break the low creating that equal low so i believe it will sweep orders up top before fully heading down unless it breaks those lows soon and it will keep pushing down look at previous equal highs and lows and see how it swept out liquidity b4 the actual moves
since we did get a change in structure here indicated by the blue breakout candle im looking for a retest back into 1670-1664 area and if i get a higher low ill buy up to my next poi which is 1695 area and since its overall down trend ill be looking for sells up there when it gets there and on the 15min i get a bearish trend forming
still has some bearishness i want to see what price actions does 1670-1660 area looking like a nice buy area its just a matter of being patient then when it gets there switch to the 15 min look for confirmation of bullish move up for better entries if dxy starts sropping soon we can see that up move this week but everything is on dxy right now
so price fell last week due to news so im expecting a nice pull back this week nas is right at a orderblock area also in a buyers zone
if this bullish ob level hold we can see a nice push up atleast 40-50 pips short term then when it gets to that bearish ob ill see what it does but this level is holding nicely looking like nice buy setups short term
oil has been on a tear despite dollar strength right now theres some things going on with opec and siding with russia that may be pushing it up since they rasied the prices on usa either way this bad boy not stopping if we get a close above this level we pushing towards that 96$ handle soon
usdcad is holding those highs nicely even after big news from dxy that was postive now since oil is shooting up it makes cad strong so if dxy retraces down we could see a fast move down from usdcad
so after that bearish push we have been having dxy pushing up finally in bearish orderblock area where we could see dxy make a nice size move down if its not broken keep eyes on this here this will let you know the next moves on gold and indices
nfp sped up the down move which was needed to mitigate that orderblock right below equal lows which was liquidity there and price could head back up short term im looking for a retracement to my bearish orderblock where ill be looking to sell as long as i get another lower high in that area im going to see what price action does like follow and if you have...