U.S. Dollar IndexShort
DXY non farm payroll high volatility notes
DXY non farm payroll high volatility notes
I suspected that at the DXY would create a high probability for volitity due to the NON farm payroll. And celebrate it did.
The week started by taking out buy stops because price had just taken out sell stops, then commended to a accumulation pattern suggesting for a distribution later this week considering that price is bearish.
I suspected that with the recent buy stops taken previously in the week, price coming back to equilibrium by the end of the day yesterday it seemed likely for price to swing to the upside at the 8 am news driver and then sharply decline to the imbalance created Tuesday.
Price targeted the buy side in a fake break out, to old bearish order blocks, and then sending to decline to an imbalance and order blocks or mitigation blocks-still discerning what is what.
I suspected that at the DXY would create a high probability for volitity due to the NON farm payroll. And celebrate it did.
The week started by taking out buy stops because price had just taken out sell stops, then commended to a accumulation pattern suggesting for a distribution later this week considering that price is bearish.
I suspected that with the recent buy stops taken previously in the week, price coming back to equilibrium by the end of the day yesterday it seemed likely for price to swing to the upside at the 8 am news driver and then sharply decline to the imbalance created Tuesday.
Price targeted the buy side in a fake break out, to old bearish order blocks, and then sending to decline to an imbalance and order blocks or mitigation blocks-still discerning what is what.
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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.