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Potential Bullish Setup in EU w/a 30m FVGWatching this trade develop. I've taken a small trade in EU for this potential bullish setup. I've outlined that my overall bias is still bearish until I see major movement from the DXY that suggests otherwise. I'm taking a small trade to test this 30m FVG and see if the market is ready to move opposite of my bias. Even though my bias is bearish in foreign currency, if I see setups that are clear but opposite my bias, I can still take them, but just with lower leverage incase i'm too early on the market structure shift.
DXY monthly analysisPrice seems to be drawn to 2017-2018 highs which looks like a swing high. There was also a market structure shift after running out buy side liquidity in 2020(2020 highs) but failed to take out 2018 lows. 2018 Low looks like a swing low where we expect sell side liquidity to be. Within current range there are 2 imbalances opposing one another, price is above equilibrium or in a premium market. I am neutral for now as anything can happen , DXY could even take out old highs at around 103 and continue upward so I will wait and when price reaches points of interest I will study price action on Weekly , Daily , H4, H1 , M30, M15, M5, M1 charts. Lower time frames are mostly for entries, so I'll be sticking to Monthly, Weekly, Daily and H4 charts for now.