For a few weeks now DXY market profile: Range bound In a range bound market price action likes to sweep the highs and lows for liquidity before moving back inside the range. Most traders tend to stay out of this market condition this is actually my favorite market to trade in. IMO In a range market I have a good idea when price is going to stop and reverse due...
DXY moving back inside the range with aggressive buying after the bullish purge helped my EURUSD short setup drop aggressively. Very pleased with my London session EU short position!
EU moving well in my favor thanks to HTF IOF (ICT) and DXY bullish pressure!
With the overall market structure still in range I’m expecting EJ to bounce off of “inefficiencies” (ICT) like a ping pong as price action sweeps both sides of the market for liquidity. It’s important that I practice patience and discipline as I WAIT for “time & price” (ICT) to come together before taking a position.
I’m overall bearish due to higher time “institutional order flow” (ICT) there’s definitely some long opportunities on the lower time frame. I’ll post LTF chart shortly.