Sometimes, price has pride! Last week, with the quarterly shift sentiment in check lower pricing was anticipated in the DXY and such as been the case in the just concluded trading week. Though lower pricing was anticipated but I fashioned out what I termed as a TWIN BIAS for the concluded week and the same is what came to play as price offerred ampled transaction opportunity to both the buyers while attacking the previous week high and ampled opportunity to the sellers while attacking the previous week low.
Looking into the week ahead from the lens of the just concluded week action, we had price trade down into the fair value gap on the monthly chart which had been a call on price all along. For some reason i would expect price to find it way higher after arriving the fair value safely. But for some reasons I would expect price to continue driving in the established direction a bit more.
Taking a view from the weekly chart, price traded below the equal lows liquidity pool purging out sellstops then it rallied above the relative equal highs purging out the buystops.....
(According to ICT tropical studies on dealing range: A dealing range is a point in the market where price has purge both the buyside and the sellside of the market.)
...with price having purge both sides of the market, there isa dealing range on DXY and with the use of a Fib the premium-equilibrum-discount area of the range can be determined. and judging from that range i would anticipate price trading down into a PD ARRAY in the discount area for any continuation in the opposite direction.
Previously I highlighted the idea of the quarterly shift and price tarding below the look in the 20 days look back of the range. Judging from the P-E-D zones the low of the last 20 days look back resides in the discount area of the range and I am looking at price reahing for it therefore hoping to see more drop in the DXY going forward to the upcoming week.
Below and around the level of 20 days look back low there are couple of PD ARRAYS price could repel from (+brB, +iFVG, +BPR, +oB).
BIAS: BEARISH
Looking into the week ahead from the lens of the just concluded week action, we had price trade down into the fair value gap on the monthly chart which had been a call on price all along. For some reason i would expect price to find it way higher after arriving the fair value safely. But for some reasons I would expect price to continue driving in the established direction a bit more.
Taking a view from the weekly chart, price traded below the equal lows liquidity pool purging out sellstops then it rallied above the relative equal highs purging out the buystops.....
(According to ICT tropical studies on dealing range: A dealing range is a point in the market where price has purge both the buyside and the sellside of the market.)
...with price having purge both sides of the market, there isa dealing range on DXY and with the use of a Fib the premium-equilibrum-discount area of the range can be determined. and judging from that range i would anticipate price trading down into a PD ARRAY in the discount area for any continuation in the opposite direction.
Previously I highlighted the idea of the quarterly shift and price tarding below the look in the 20 days look back of the range. Judging from the P-E-D zones the low of the last 20 days look back resides in the discount area of the range and I am looking at price reahing for it therefore hoping to see more drop in the DXY going forward to the upcoming week.
Below and around the level of 20 days look back low there are couple of PD ARRAYS price could repel from (+brB, +iFVG, +BPR, +oB).
BIAS: BEARISH