From the weekly timeframe the Aussie Dollar is clearly Bullish, price just traded into a FVG and just as we expected a short term retracement is occurring giving the Daily timeframe a Bearish bias. therefore we are going to short the market down to the swing low which obviously has Sell side liquidity resting below it, also with the fact that we are currently...
Based on our previous analysis on the possibility that the DXY is still very Bullish the commodity Gold against the DXY can be seen as still very bearish.
* price has just ran some level of Buystops at the 1796.500 level and also traded through the last down close candle thus creating a Breaker Block.
* price is fractal indeed as similar price action can be seen...
I have my doubts and confirmation about that we are fast approaching the end of the year and I presume there ought to be market shift but I'm looking at it that the Bears are not out of the market yet. So I watching the price level for my long position to take something off the table.
* 1.1700
* 1.1680
Bears could potentially step back in the market from this...
My Bias on the DXY is still very Bullish based on the following facts:
* There's a Liquidity Void on the premium spectrum that price could still potentially reach for around the 94.00 - 95.00 price level.
* current price action is indicating bearishness because:
* Price has ran some levels of buy Side Liquidity at the 94.50 level
* price has just traded through...
I am looking to sell the Trons coin against the Dollar at the Monthly Rejection Block confluence with weekly OB. i am still holding my buy position now though but not for long.
Bearish DXY, decided to look at the DXY from a long term perspective using the Monthly Timeframe found out that the DXY is going to be Bearish for a short term heading down to Equilibrium to fill in the Imbalance that price has created on the Monthly Timeframe confluence with the fact that there is going to be a short term rally upwards in Interest Rates which...
Analyzing possible future trend or orderflow for the NZDUSD here is what i found out on the monthly timeframe possible directional bias on Position Trading.
