DOLLAR INDEX HTF ANALYSIS 11/2, SESSION WITH ICT CONCEPT
Summary :
Price trading higher and then finding a consolidation, Bearish BMS, and recent liquidity run on short term swing high. Overall the price is consolidating with a possible reversal scenario to trade lower. But remembering the 10 Year T-NOTE analysis that I posted earlier that indicates bullishness for dollar for a intermediate terms (daily), there's possibility that the price only retrace lower to create a momentum to go higher targeting, Swing High (x) or even Swing High (y). But there's also possibility for its to trade lower targeting Swing Low (z).
Confluence :
- US 10Y T-NOTE bias = Bullish for USD for an intermediate terms.
-10&20 EMA (DAILY) = CONSOLIDATING, SLIGHTLY BULLISH
- BEARISH DAILY BMS = WE EXPECT BEARISH FOR A SHORT-INTERMEDIATE TERMS, OR ONLY A RETRACEMENT LOWER.
- LARGER SWING BULLISH BMS = WE EXPECT BULLISHNESS ON A INTERMEDIATE-LONG TERMS
-OLD HIGH RUN, CREATING NEW YEARLY HIGH+STOP HUNT INDICATION = WE EXPECT IT TO GO LOWER ON LONGER TERM, BUT IT POSSIBLE FOR IT ONLY CREATING A SWING HIGH, TO BE A NEW SUPPORT, FOR IT GO BULLISH ON A INTERMEDIATE TERM.
- 1D BEARISH OB + RTO & 4H+OB both had achieved it target, so we must wait the price to create a new setup either it's lower or higher
- MOST RECENT LIQUIDITY RUN ON SHORT TERM SWING HIGH + STOP HUNT (SH), so we expect bearishness for a short term or retracement lower
Conclusion :
-Trend = consolidating
-Bias = Bearish to find a retracement to trade higher (bulllish), so for today I expecting a indecisive day or a low range bearish/bullish day.
Bullish for a short term then Bearish for Major Foreign Currencies (EUR,GBP, etc.)
-Target = Old High (X) or even (Y), possible outcome it will trade lower targeting (Z)
-Probability = LOW
-Suggestions = Find another confluence, in the smaller time frame & the pairs that you want to trade, Higher Time Frame Or Lower, wait for New York Opening Setups or don't trade for today.
Price trading higher and then finding a consolidation, Bearish BMS, and recent liquidity run on short term swing high. Overall the price is consolidating with a possible reversal scenario to trade lower. But remembering the 10 Year T-NOTE analysis that I posted earlier that indicates bullishness for dollar for a intermediate terms (daily), there's possibility that the price only retrace lower to create a momentum to go higher targeting, Swing High (x) or even Swing High (y). But there's also possibility for its to trade lower targeting Swing Low (z).
Confluence :
- US 10Y T-NOTE bias = Bullish for USD for an intermediate terms.
-10&20 EMA (DAILY) = CONSOLIDATING, SLIGHTLY BULLISH
- BEARISH DAILY BMS = WE EXPECT BEARISH FOR A SHORT-INTERMEDIATE TERMS, OR ONLY A RETRACEMENT LOWER.
- LARGER SWING BULLISH BMS = WE EXPECT BULLISHNESS ON A INTERMEDIATE-LONG TERMS
-OLD HIGH RUN, CREATING NEW YEARLY HIGH+STOP HUNT INDICATION = WE EXPECT IT TO GO LOWER ON LONGER TERM, BUT IT POSSIBLE FOR IT ONLY CREATING A SWING HIGH, TO BE A NEW SUPPORT, FOR IT GO BULLISH ON A INTERMEDIATE TERM.
- 1D BEARISH OB + RTO & 4H+OB both had achieved it target, so we must wait the price to create a new setup either it's lower or higher
- MOST RECENT LIQUIDITY RUN ON SHORT TERM SWING HIGH + STOP HUNT (SH), so we expect bearishness for a short term or retracement lower
Conclusion :
-Trend = consolidating
-Bias = Bearish to find a retracement to trade higher (bulllish), so for today I expecting a indecisive day or a low range bearish/bullish day.
Bullish for a short term then Bearish for Major Foreign Currencies (EUR,GBP, etc.)
-Target = Old High (X) or even (Y), possible outcome it will trade lower targeting (Z)
-Probability = LOW
-Suggestions = Find another confluence, in the smaller time frame & the pairs that you want to trade, Higher Time Frame Or Lower, wait for New York Opening Setups or don't trade for today.
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