ICT concepts. DXY traded into higher timeframe discount + Monthly fair value+ Optimal trade entry. DXY Buy side of curve. FED interest rate target 5.5%?
Daily chart market structure shift. Looking to see what happens at 20405.
Waiting for possible deeper discounts on 'Risk On' assets
FVG's are the name of the game. Been monitoring p.a these last 3 months and it happens over and over again, also learning directly from ICT's youtube channel. Thank you Michael, looking forward to more insights and education sir.
Looking for longs beneath previous weekly low, anything lower than previous monthly open for me would mean invalidation of this idea. Target - Previous Monthly High
Hope this is readable. Short term bullish. Awaiting further developments.
Yesterday DXY closed below 2 consecutive up candles signalling a market structure shift. Awaiting CPI data release to see where price will be drawn to. CPI release is a catalyst for some real movement today.
Time and Price are vital. No need for too much make-up. 15762.50 bearish fair value gap low, 15621.00 bearish fair value gap high 16k is also an interesting level.
DXY has traded into a point of interest and closed below fair value gap high after trading into bearish order block within fair value gap high and low range. Commitment Of Traders data shows that smart money is still net short and large specs net long. Awaiting monthly close. DXY is also in a Higher Timeframe premium market
FVG high and low confirmed+ buy side liquidity sweep to the far left of chart/old high raided. Suspect highs at fvg high, looking to see if price will run out these highs and will monitor price action for any significant sensitivity. Though it is Friday, we most likely saw the whole weekly range traded and investors would most likely look to realise some profits.
DXY reacted negatively in premium market and had a market structure shift. Intra day short idea executed and target reached. Thank you ICT
Price 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...
The interest rate differential between the 2 currencies interested me. Positive reaction at MN institutional reference point might give me stronger conviction if MN candle breaks and closes above short term high confirming a market structure shift for a possible higher repricing. Working on a possible buy model.
In my previous post I had multiple possibilities and not one of them were validated. Weekly OB open triggered sensitivity when price traded back into that price level. Daily close gave me confirmation to go long today.
ICT concepts, Daily chart indicating that MM are willing to potentially reprice higher. I personally will wait for a reaction then if conditions meet my trading plan criteria I will look for entries and targeting 17k big figure for first partials.