DXY Trading Journal
DXY Trading Journal
Feb 6
Well I was wrong yesterday in my analysis. Why?
I was following the premium to discount logic, and also so new that not seeing HTF institutions order flow.
Feb 5 note
"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."-yesterdays quote.
Price lowered to below the 50 level wicked through the weekly BISI/volume imbalance from Jan 27 also coming to the .618. on the daily chart.
The previous range is in a discount. I would suspect that Price could seek higher Prices to rebalance the hourly FVG and the equal highs. If price comes to the 107.775-107.820 for the London session and seek lower prices in NY.
Feb 6
Well I was wrong yesterday in my analysis. Why?
I was following the premium to discount logic, and also so new that not seeing HTF institutions order flow.
Feb 5 note
"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."-yesterdays quote.
Price lowered to below the 50 level wicked through the weekly BISI/volume imbalance from Jan 27 also coming to the .618. on the daily chart.
The previous range is in a discount. I would suspect that Price could seek higher Prices to rebalance the hourly FVG and the equal highs. If price comes to the 107.775-107.820 for the London session and seek lower prices in NY.
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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.