Dollar Index - Expecting Volatility Once 104.546 Breaks
Updated
Having a look at US10 and Dollar Index for the recent trading week session, there are similarities that, if continued, those looking to short will be in a lot of pain!
Trade active
Equilibrium located at 104.438 has been met So far so good!
Trade active
104.546 T1Trade closed: target reached
Target 1 of 104.546 has been met!Notice the rapid decline from that exact region causing a intra-day shift in market structure..
Trade closed: target reached
Three days of rejection of the bullish daily order block with yesterdays price action peeking it's head above 104.546 before a low resistance liquidity run occurred down to daily sellstops I want to see 104.294 - 104.221 held this week with the strong possibility for a run up to the daily dealing range equilibrium @ 104.890
Risk off scenario will cause the weakness of FX pairs, Stocks and Stock Indexes
Note
During the UK session, the market repriced lower, taking the swing traders out of their long position as they would have placed their stop loss below the weekly relative equal lows.Daily candle is still active with 8:30H left and for the bias of equilibrium to play out, i want to see the daily array of 104.291 - 104.195 respected
Note
Daily order block outlined in red still in motion. Candlebody closure below the order block and consequent encroachment of the previous daily candle will negate bullish narrative
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