DXY March 16 Analysis DXY
March 16 Analysis
Price parent bias is bear
Price is Discount M/W/D
Previous session premium and discount on the daily range
March 15 delivery
Price delivering in a premium, taking buy stops hitting the .618 before turning around passing through the 50 to seek lower prices taking sell stops from the previous session
March 17 delivery
I suspect that Price could come up to the buy side target at the .618 and turn around? Wait for more tomorrow after Sundays dealers range and evaluate before Asia session.
Note Price broke structure and bounced off the .70
My Model Factors
Bias for Asia to London bull
Price will have to do the following for me to trade
*session liquidity taken
*macro time only
*first presented FVG
*4 candle pattern
*hour analysis down to 1 min every 15 minutes
*every hour mark out what price has done
Stay open to build narrative once Asia opens.
Stay open to reading price deliver