If we trade higher from where we are now, I dont expect price to trade above the fvg shaded in green. If we trade there I'm expecting that fvg to offer a sell to take out SSL and potentially trade lower.
We took out buy-side liquidity yesterday and then we got a ms shift as marked on the chart. I'm looking for a sell in the blue shaded area and targeting the sell-side liquidity at the 1.2050 level.
Looking for higher prices on ES, the 3880 level is where I think price will draw up into. I will only be looking for longs going into today NY session. If we don't get it today then that will still be my target for next week unless we break below the swing low that was formed on Wednesday 3700 level.
Watching this level if price trades back into it at New York open 8:00AM-10:00AM.... if the 3800 level is still not traded to I will be watching for a setup at the green level... looking for a short to take out the SSL at the 3800 level.
Watching the level between 1.0460 and 1.0445 for a potential bounce, If we trade through that level we could get a trade back to it and offer a sell to take out the 1.0340 level. I'm Also watching the 1.0571 - 1.0544 if we trade back to it we might get a selling opportunity to take out the 1.0340 level.
I will be going in looking for buys in London, but first we need to take out the level marked in red to the downside and I will enter below that with half the position and if we dig into the purple level I will take another entry targeting the highs above.
Watching EurUsd in the London session for a drop into the levels marked on the chart. If we do, I will go in looking for a long to target BSL and maybe leave something on for the level above marked in Grey ;).
IF we go below the $1700 level I think we will have a sharp decline to the $1300 level. There is a lot of liquidity below the $1700 levels which has been building for some time.
Long term idea on ETHUSD. If things really accelerate to the downside I will be looking at the $800 level to see a major bounce and potentially mark the low.
I will look for a buy on DXY at the 92.20 level if we trade there which I'm thinking would be around the Non Farm Payroll news event. If we get a trade there i will be looking to trade up into the 92.80 level for a HOTW.
Higher prices on DXY means short's on foreign currency. Looking to see the potential in trading around the 92.15 level and what we do if we trade there.
Watching GbpUsd for a potential sell between 1.4130 - 1.4140 to take out the below Sellside Liquidity. If we break above this level we can look for a run above the highs above.
If we see weakness on DXY i marked the levels that I'm watching for lower prices. Wednesday should be very volatile for USDCAD so if the dollar shows weakness i believe we will see 1.3600 on Wednesday.
Cable has been in a tight range on the daily and there's diversions between this pair, EUR/USD and DXY. Last week DXY rallied and this pair refused to go lower like EUR/USD so i believe if DXY shows weakness next week this pair is the one to Buy more then EUR/USD.
Coming into next week these are the levels I'm watching. To be honest its unclear to which way we want to go especially is these crazy times the market is doing crazy things. I'm Bullish on DXY unless we brake the 99.0 level marked on the chart. Will update on Monday.
Its Friday so whatever trade we take is not as high probability as when its Tuesday or Wednesday. So if you take a trade think as a scalper and take your 20-30 pips and get out before 11AM NY time. If we trade into the 1.0915 level before taking out Thursday high i will look for a potential long there. If we take out Thursday high first then i'm on the sidelines....
Looking for 1.1120 on Eur/Usd. What i want to see is a drop lower in the blue box region right before the ECB and i will be buying there to reach for the above target
