Weekly Wrap Up - Hope You Enjoy!
DXY - Daily ERL was not breached and Weekly FVG not mitigated either as we closed the weekly with an explosive shift of structure higher on the H4. Daily run of liquidity was liquidity being engineered for an ultimate push higher.,
EURUSD - Initial bias on EU's daily run of monthly high (TBL) with a confluent 1H MMXM was correct as price ultimately displaced lower.
GBPJPY - Fairly neutral the entire week after achieving daily ERL but failing to displace through. Anticipating further HTF consolidation on GJ which it tends to do after an extended impulse.
USDZAR - Beautiful structure on this pair the entire week making continuous HH's & HL's. The daily FVG inversion was following by a 1H run of time-based liquidity which manipulated into a 4H 1-sided FVG. Anticipating displacement higher to Daily ERL short term. Political uncertainty around the future of South Africa's governing structure will continue to devalue the rand against the dollar.
US30 - As the dollar gains strength I'm anticipating the sell off to continue in equity markets. Price has traded into an order block with a confluent FVG which is indicating an imminent reversal as the M15 begins to shift lower.
Sam
The Modern Day Trader
DXY - Daily ERL was not breached and Weekly FVG not mitigated either as we closed the weekly with an explosive shift of structure higher on the H4. Daily run of liquidity was liquidity being engineered for an ultimate push higher.,
EURUSD - Initial bias on EU's daily run of monthly high (TBL) with a confluent 1H MMXM was correct as price ultimately displaced lower.
GBPJPY - Fairly neutral the entire week after achieving daily ERL but failing to displace through. Anticipating further HTF consolidation on GJ which it tends to do after an extended impulse.
USDZAR - Beautiful structure on this pair the entire week making continuous HH's & HL's. The daily FVG inversion was following by a 1H run of time-based liquidity which manipulated into a 4H 1-sided FVG. Anticipating displacement higher to Daily ERL short term. Political uncertainty around the future of South Africa's governing structure will continue to devalue the rand against the dollar.
US30 - As the dollar gains strength I'm anticipating the sell off to continue in equity markets. Price has traded into an order block with a confluent FVG which is indicating an imminent reversal as the M15 begins to shift lower.
Sam
The Modern Day Trader
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.
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.