See how price reacts at the accumulation levels. Time to long USDs. For gold however, with the meltdown of tresury yields expected, the direction for gold is tricky.
Distrubution formed in 15M timeframe. We see a BOS to the downside during NY last session. Price is retracing up to the last point of supply.
Distribution formed with efficient price action (see the wicks mitigating the daily OBs before melting). Expecting a slight retracement before melting much further.
Discount zone at accumulation, with a liquidity wick. Weak break of structure, possible change to buys bias
euro has been weak for quite sometime. We see an accumulation at 4H order block, with a break of structure. Good to enter at a discounted zone.
Clearly we see some reaction at the 4HR OB. THIS IS A HIGH RISK SELL BECAUSE: I expect dxy to have some retracement down, with the treasure yields weakening as well. Gold is still expected to be strong.
Accumulation to the left. BOS, with price retracing back to last point of supply. Textbook buys. Just wait for LTF confirmations.
We see price having reaction at most of the distribution phases. However on daily TF we see that price is still generally bullish. Expecting a huge reaction at daily level to take the distribution OBs before melting
Distribution occurred. We see price retracing up for a meltdown. HOWEVER this is against the HTF trend, so it may not play out. Also I missed out on the buys so this could be a fomo trade.
I'll be recording my analysis weekly starting from this week. EA Analysis: We see a BOS on HTF, filling up the wick and closing below it. Price is currently going up to the final test at the distribution phase before melting. However it could also for an equal high before reaching higher and finally melting down.
Price may not fall as much due to the accumulation that happens right after. However still expecting a reaction given the large volume of shorts around 48k
We see a break of bearish structure of DXY in HTF. Two forecasts of bullish momentum for DXY, however Im hoping to see one last pullback to the unmitigated zone before flying.
Still expecting a big short at 50K+