-BoS (Break of Structure) to the downside implies more Sellers than Buyers long term - Expecting price to liquidate internal highs (IDM) before creating a new LL (Lower Low) - More liquidity residing on (ERL) and fresh Supply Zone
Break of Market Structure to the Downside implies more Bears in the market. Looking for price to sweep internal liquidity before creating new lower low.
Looking For Long Term Bulling Momentum On Gold to take out the high as BSL
Quick Update On The Dollar, With BoS to the Downside. I conclude that the DXY is Bearish until we break and close above Major Swing LH to change market sentiment. Highest probable trade at the etreme OB after taking ERL.
After Taking All The Sell Side Liquidity, Price is more likely to head for Buy Side Liquidity Allowing more opportunities to Sell XAUUSD and EURUSD
Highest Probable Demand Zone To Look for Longs on the Dollar at 103.400 after filling the Inefficient price action