AU looking to pull back before continuing short on higher timeframe trend
GU pulling back to the LPSY of the higher time frame distribution before going short again
1 Hr trend is bullish, but lower time frame showing signs of distributing before coming back to internal liquidity before making new highs.
Potential for large downside on EJ. Weekly supply orderblock was mitigated and uptrend was broken, Internal liquidity was mitigated to turn price around so next possible target is the previous weekly low as an external liquidity target.
Short term USDCAD may come down to test the demand zone below the 1HR imbalance before higher prices as dictated by weekly dollar bullish outlook
Short term sell to long term buy on USDCAD. Could bounce in the middle and not return to the 1 Hr order block at the bottom. Will look for lower time frame accumulation.
USDCAD validating weekly demand. Likely to see short term retrace back to daily demand before new high
USDCAD bouncing off weekly demand while dollar outlook is bullish for week
Looking at current supply and demand levels in the 4hr and daily time frames of DXY, price is currently coming into a demand level. If this demand level holds, then price will be expected to touch the level and turn higher towards the labelled supply level. Looking at pairs that trade against the dollar, AUDUSD/GBPUSD/EURUSD all are very close to supply on similar...
This is a long taken in the AUDUSD market. Analysis is in the attached notes.
A short term day trade in the EURUSD market. Analysis is in the attached note.
This is an analysis of the potential moves of the dollar given where current price is, and the nearest supply and demand levels. Positions in other markets are being set based on these levels of the dollar. Further details in the attached notes.
This is a short position taken in the AUDUSD market. Details and analysis are provided in the attached note
This is a short term trade in the EURUSD market. Details and analysis in the attached note.
This is a short position taken in the EURUSD market. Details and analysis in attached note.
This is a long position placed in the USDCHF market. Details are in the attached note.