EURUSD has been the leader in Dumping over GBPUSD, GBPUSD acting as Sick Sister to EURUSD. I m expecting Higher DOLLAR Seeing POUND and EURO Dumping more to Next Weekly Sell Side Objective and trading into the Inefficiencies left below.
Since GBPUSD hit its Long awaited Sell Side objective , i m still seeing GBPUSD as Bearish with Bullish Dollar index . GBPUSD might encounter some retracement to Premiums but eventually Dumping Down. NOTE : Monday candle will clear many things.
Seeing Dollar Raiding Daily Buy Side target, DXY Traded lower to daily BISI and got rejected from there. Drawn conclusion is that DXY would be trading Higher to next weekly Buy Side Liquidity Objective.
After Raid on Sell Stop Gold Started Rising and created Discount for Going More Up, Gold would be Wicking in Daily BISI and use it for Completing Buy Side Objectives.
Currently NASDAQ is trading in Daily BISI + OB, if Daily candle manage to close below daily BISI it can continue to hit Sell Side Liquidity on weekly Bases.
After wicking and raid on daily Buy Stop market Dumped hardly on Friday breaking All Discounts, so it will do the unfinish business of taking Sell Stops this week and will be falling even more
My Gold Idea looking at Chart, Thought its Confusing but Could potentially go Downside
Seeing DXY more Bullish Post CPI as it is about take the highs and will continue its Journey upwards for Upcoming week !
After Surging towards the Weekly VIB EUR Fell down Strongly indicating lower Prices. I m Still Seeing it as Bearish Market as Dollar is Quiet Bullish.. Close Below IFVG will confirm more Sell Side BIAS
Since Weeks I m Calling EU to be Bearish after it hit Weekly Volume Imbalance, i would like to see EU today breaking the Low formed in London Session.As it would give some confluences for going more Short. i m Still bearish on EU and GU and Gold.