Gu longs *11/14-11/18*
Bullish sentiment on Gu and bearish on Dxy (based o prev . week). I can forecast the Dxy to continue lower coming into next week, I expect this because of its large bear weekly candle that took out September lows. Price action is showing a shift in structure on the hourly recently taking out intermediate lows. A continuation lower of the Dxy ultimately will promise a continuation higher of Gu which will trade up into its weekly fvg which has daily buy-side liquidity resting below it. We will see how price delivers itself Sunday & Monday to get a clearer sentiment as we are just coming off a Friday rally.
Dxy has a monthly range ranging from 89.209 - 114.778 with an equilibrium @ 101.994
Current price is @ 106.416 & this upcoming week could offer us further distribution to equilibrium.
Gbpusd has been short term bullish since October. Price broke LHs in the beginning of October & last week price broke its 20 day high (IPDA)
Dxy has a monthly range ranging from 89.209 - 114.778 with an equilibrium @ 101.994
Current price is @ 106.416 & this upcoming week could offer us further distribution to equilibrium.
Gbpusd has been short term bullish since October. Price broke LHs in the beginning of October & last week price broke its 20 day high (IPDA)
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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.