Bullish on the dollar into next week as is beginning to shift and break supply zones. This influences outlook on GBPUSD and EURUSD.
Started charting gold again, probably will not be taking live trades however bulligh on this market for the short term.
Direction is unclear, a lot of liquidity and imbalances in the market on both sides, anyone's guess which gets taken first
Bullish overall, looking for price to trade back into short term demand to enter positions. targets are liquidity and imbalances above. This is in line with DXY perspective.
Bullish on indices overall, looking for retracements into demand to buy. a lot of imbalance and liquidity to target on the buy side.
Bullish on EU overall. Looking for it to take EQH liquidity and trade into supply. Watching to see if price trades into short term demand before continuing upwards. This is in line with DXY perspective.
Bullish overall, price is approaching HTF supply, watching for reactions.
Bearish on UCAD overall, however price is at demand which means I'll be looking for buys up to mitigate sells, but expect the recent high to hold for more discount prices. This is in line with DXY perspective.
DXY just mitigated HTF supply and shifted ODF to potentially begin bearish leg down, overall bearish on the dollar, however price must return to mitigate sell orders. This informs my bias for XXXUSD pairs.
NAS tapped into significant demand, price could put in another low but I am expecting it to mitigate away from this level, at least in the short term. There are plenty of imbalance voids to fill on the buy side. However HTF is still bearish and price is yet to shift ODF bullish.
USDCAD is undeniably at demand, so as of now I am looking for buys, however the trendline liquidity will be taken out eventually. For now my bias is that buyside will be taken first before a big reversal.
GBPUSD is still in a downtrend and at HTF supply. Bias is currently short. Monitoring intraday for trades. This is in line with potential DXY strength.
EURUSD is at a decision point as it approaches 4HR bearish structure. Looking to sell with signs of rejection, a break above could still mean a retracement. There is also the possibility price pushes higher without a retracement. Unclear till the market shows its hand. Bias is bearish until invalidated.
Looking for US30 to show signs of strength, bias is bullish but price has yet to shift.
As anticipated DXY was weak last week. It broke a structural low which represents a CHoCH. Into next week DXY can show strength in order to mitigate before continuing lower to fill imbalances below.
In line with ideas for the DXY and EURUSD, I am seeing possible strength against the dollar into next week. price is bullish on the smaller timeframes after trading into a discounted orderblock from years ago. Expect at least short term mitigations away from this area which should provide buying opportunities during the week. Plenty of imbalances and liquidity...
EURUSD traded into an orderblock from 2016. We have been in freefall but I am expecting price to move away form this zone to at least test 4hr structure and fill some imbalances above. This is in confluence with DXY perspective and expected dollar weakness. A new low would invalidate this idea. Will be monitoring price early in the week to see how it reacts when...
Bullish on gold into next week unless it chooses to make a new low. Price mitigated an OB from a while back, and I would expect some profit taking at this level and at least short term bullish action. Annotations on chart. This is in line with anticipated dollar weakness. Monitoring intraday price action for potential trades.