DXY Trading Journal
DXY Trading Journal
Feb 5
Price actions wild rally on Sunday to swipe the buy side and then has been energetic to rebalance the damage.
Yesterday Price had a run on stops and rebalanced recent inefficiencies, in a distribution cycle. Price rebalanced Sundays and Mondays inefficiencies.
Price is in Premium on W, and Daily chart coming to the 50 level and is still rebalancing a HTF Weekly SIBI.
The range Price is trading in seems to be in deep discount just below the .70 level. Equal lows sell side and volume imbalance could be the magnet if price seeks lower prices.
I would say for the day Price is in a double discount. Asia has opened in a discount on the range and energetically came to the 50 and lowered and for the moment continuing its seeking of lower prices.
My logic says if price takes out the noted sell side liquidity it should react and seek the 50 level at 108,000, and yet it could just keep seeking lower prices.
Non farm payroll week with PMI today in NY session.
Follow your rules, stay out unless your complete model lines up.
Feb 5
Price actions wild rally on Sunday to swipe the buy side and then has been energetic to rebalance the damage.
Yesterday Price had a run on stops and rebalanced recent inefficiencies, in a distribution cycle. Price rebalanced Sundays and Mondays inefficiencies.
Price is in Premium on W, and Daily chart coming to the 50 level and is still rebalancing a HTF Weekly SIBI.
The range Price is trading in seems to be in deep discount just below the .70 level. Equal lows sell side and volume imbalance could be the magnet if price seeks lower prices.
I would say for the day Price is in a double discount. Asia has opened in a discount on the range and energetically came to the 50 and lowered and for the moment continuing its seeking of lower prices.
My logic says if price takes out the noted sell side liquidity it should react and seek the 50 level at 108,000, and yet it could just keep seeking lower prices.
Non farm payroll week with PMI today in NY session.
Follow your rules, stay out unless your complete model lines up.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.