DXY ANALYSIS for upcoming weeks CHECK IT OUT So As of right now I would be looking for short term and possibly long term BUYS on foreign currencies because I am bullish on the dollar. If we have a drastic market structure shift in the dollar then I will change my bias on the DXY and post it here. As you could see the DXY came down to the Order block but just missed the price on the mean threshold by a few pips that's why I said above short term buys and maybe not long term. If it would off came down to the mean threshold and tapped it along with reacting of that level that would off been more confirmations on a longer term scenario bullish prices on the DXY. After that happened you can see that I had the DXY prices for the FVG candle that was also tapped into but not fully filled in so for me this is telling me that there aiming for higher prices, such as some levels I have highlighted.... Enjoy and good luck trading.
Fvg
GBPUSD TRADE IDEA FOR LONDON SESSIONThis trade idea will depend on the dollar and what it wants to do for tomorrows news event. I am overall bearish on the dollar so therefore foreign currencies should be rallying in my eyes. Which they are if you reference any of the other major pairs such as EURUSD, AUDUSD, NZDUSD and GBPUSD. I like how GBPUSD also has equal highs on a daily timeframe and has a FVG on the daily along with the mitigation block so these are all reasons why I want to see GBPUSD bullish until it drops. Since it is the seasonal tendency for GBPs to make a high than drop.
USDJPY COMING TO SELL ZONE USDJPY has formed a Turtle soup sell model. This is when the market takes out a liquidity pool and then reverses. I felt like I should share this on trading view because it is one of the most powerful methods to find reversals. There is also a FVG candle and if we look to the left we can see that there is a mitigation block as well. That is my entry zone to take a sell. Along with the dollar being bearish so Im really liking this idea to the downside. This bearish breaker will be my main reason to sell this pair.
AUDUSD FVG TRADE IDEA There are AUD news dropping at 9:30 PM eastern time. I want to see the market drop down to this Fair Value Gap and make a run to the Daily order block. That is my initial target since it's very clear that, that is where the market is running to. If the market doesn't retrace to that level and ends up hitting the order block without touching the fair value gap I would not take this trade idea. Right now AUD is showing a lot of strength especially if you refer to the other AUD pairs.
GBPJPY trade Idea This was a more deeper trade idea for GBPJPY than the one I had posted on it for a higher tf. Look at how the market respected this FVG candle and took off. This is what I like to see happen in the markets. Note this trade idea wouldn't be correct if it wasn't for my trade idea for EURGBP since I was bearish on it and the trade idea was correct. GBP's had to go the other way if you look at the GBP's they followed as well.
EURGBP TRADE IDEA This was the trade Idea that I gave out last night and look at how it played out. Everything was nice and clean. When you spot these price actions there's nothing to be afraid and of course if you are risking the right amount of money even if I was wrong in this situation I would of lost 20 pips which is not bad at all. My SL would of been around the entries for the OB entries. Now a FVG candle is where we usually see violent price action in one direction if you spot the right one you can use it to get into a trade idea. Since I was bearish on EURGBP that means I should be looking for buying opportunities on GBP's and I did I also went over GBPJPY on another idea and it played out well.
#EURPLN - Possible double topGonna risk a short, there is huge FVG below & possible double top forming, expecting at least a move down to golden pocket 0.618-0.65
i have set only 25% of bids set for now, res i will update once we get there, i don't follow FA but i know it plays a role so if you are not risk taker be patient