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U.S. Dollar Index
Short

DXY | Top Down Analysis Pre-NFP.

By RishiRudani
Updated
Monthly Time-Frame:
https://www.tradingview.com/x/0AK0VETA/

  • ICT Market Maker Buy Model.
  • Reversal at monthly FVG & stophunt.
  • BOS as 2023 old high of the year taken. External Range Liquidity -> Internal Range Liquidity.
    Therefore, 1M FVG below is current DOL.


Daily Time-Frame:
https://www.tradingview.com/x/oIijBdj8/

  • Monthly Time-frame suggest we can sweep into 1M FVG below [105.360 - 104.447]
  • October Seasonals = Consolidation.https://www.tradingview.com/x/7UHUUmCS
  • Commitment Of Traders Data (COT) = indicates shift of Net Short Positions,(18th September 2023) for the large commercials (Central Banks, Large Funds)
    Therefore it indicates that the month of october will consolidate.
  • Price respecting HTF Bearish Array. Note how OB mean threshold is respected. [1W OB]
  • Price wicking below previous lows indicating change in state.
  • October Monthly Low (24/11/2023) is current DOL with the 1M FVG liquidity pool below.


4 Hour Time-Frame:
For extra clarity as we move into intraday time-frames.
https://www.tradingview.com/x/eqdrJ5DS/


1 Hour/Intra-Day Time-Frame:
https://www.tradingview.com/x/NoJu5BRV/

  • Identify ICT Market Maker Sell Model.
    Original Consolidation, Accumulation 1&2, Smart Money Reversal, Re-accumulation 1
  • Price traded through Previous Weekly High & Relative Equal Highs on wednesday New York Session.
    External Range Liquidity -> Internal Range Liquidity.
  • Identify Range Low & High for Premium/Discount Arrays.
  • Use Major PD arrays from the Buy-Side Of Curve to identify entry points on the Sell-Side Of Curve.
  • Target is the sell-side liquidity below the Original Consolidation and 1M FVG liquidity pool.
  • Weekly Profile Wednesday Weekly High.https://www.tradingview.com/x/DrmZqDSO/


💎 youtu.be/iKsIbUblSWM?si=i6uGuR4Jvmqt3wzu 💎
Comment
snapshot
Eyes peeled for any sort of institutional sponsorship and or respect to bullish PD arrays, only then price can be engaged.
NFP week = Judas of the Month
Beyond Technical Analysis
RishiRudani

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