NAS is in a downtrend but just traded into premium demand on the HTF, and proceeded to begin shifting price on the LTF. this could signal some bullish movement during the week. Monitoring intra-day price action for trade opportunities.
Bias for the week for US30 is bullish. Price mitigated Weekly OB and begins to shift away on LTF.
USDCAD traded into an orderblock from 2020 and appears to be mitigating away from it. I am expecting weakness in UCAD next week, unless it puts a new high in. This is in line with my overall market outlook for dollar weakness into next week. Will be monitoring intraday price action for trade opportunities.
The dollar continued to show strength this week, Friday's price action traded into a weekly bearish orderblock, I expect to see mitigations away from this level to at least retest 4hr structure and perhaps break it and head lower. Friday price action also caused LTF demand to fail. We will be watching how price reacts when it trades back into 5min supply and be...
EURUSD is bearish on Larger TF. Price is interactingwith Weekly Bullish OB and holding shifts. Will re-evaluate if a new low forms. Buys valid, continued sells are not attractive. Further annotation on chart.
GBPUSD is bearish on HTF. week ended with an imbalance that may get filled before downside price exploration. Buys and sell opportunities are present depending on if price is at valid demand, or supply at NY Open. Sells are preferred.
USDCAD direction is unclear, but bias is bearish Price at HTF supply and possibly shifted bearish fractally. Last week close should not be invalidated to continue lower Price is at HTF supply
I decided to begin charting the DXY for perspective as I only trade dollar correlated pairs, so the DXY at supply or demand is a powerful secondary confluence. I thought the dollar was showing weakness last week but it proved me wrong and printed a new high towards the week end. I think the dollar is likely to keep showing strength at least till the monthly...
US30 delivering bearish ODF. building liquidity at the bottom to take out. Monthly imbalance below likely to be filled. buys are unattractive.
Gold is still delivering bearish orderflow. Short term buys are valid to mitigate as supply. Sells are preferred.
Last week gave a new low, still bearish on NAS Monthly candle could explore bottom price early selling form recent supply at mitigation. Bearish till new high. Imbalance above is a concern.
GU much like EU hit a strong OB and caused supply to fail, this may signify a shift in short term sentiment to bullish. There is a lot of buy side liq to be captured. Open to buys from demand, and sells should price reach supply and CHoCH
NAS dropped harshly on friday, was hoping the market would save that for next week. bias is still bullish but at this point I dont see anywhere to get involved.
Open to buys and sells here, however price may be shifting bullish on LTF.
EU fell with no resistance, end of week ended price at a significant order block. Expecting some relief at this area which should provide bullish opportunities into next week.
Indices fell hard last week. US30 is at an interesting point structurally. Open to buys with confirmation, and sells if price reaches supply.
UCAD ran into supply and appears to have broken structure down, open to sells from these levels during the week.
US30 is clearly in a bearish move right now that is quickly approaching premium demand zone. Looking to take buys off these with confirmation. There is lack of liquidity on the upside here. Price will need to engineer it if it wants to target the above supply levels. Long positions should be conservative, i.e. only to nearby lower timeframe unmitigated supply...