using institutional orderflow, price has shown bearish structure. Looking for the sellside imbalance to be filled then potential entries on the short side
I have been anticipating AUDUSD to reverse bearish as it was revisiting the daily bearish OB. We can see clear signs of bearish institutional order flow. Looking for Entries at the recent sellside imbalance
EU is correlating positively with DXY, a break below 1.0235 is a confirmation that selling activity may take place. Trade confirmation is only a break of the Swing low of 1.0235
There is a possibility of DXY continuing bullish as it is showing relative strength against its counterparts. A break above 106.23 is a go to expect more bullish dollar
USDCHF pair has been moving significant closely almost mimicking DXY movement pip for pip. Macro Economic Policy suggest USD strength over the CHF. A break above 0.9594 will be a catalyst to look for entries in the lower timeframes.
Audusd took out thursdays low, but the dollar index failed to reflect same price action. Althoug price was quickly repriced back into premium, above the 50% equilibrium price, price narration is suggesting dollar strength to come. The fed recently increased interest rates to 2.5%, suggesting that the dollar will remain bid. There is a positive differntial between...
GBPUSD has changed structure from Bearishness to short-Term bullishness. This is only seen as a pullback on The General Long-term bearishness. On the intraday level, we could take advantage ad 1.1960-1.1915 area for buying opportunities. We wait for the market to tip its hand to us. All the same This structure could be invalidated by the FOMC interest rate...
Comparing DXY many think DXY has topped yet. But the fundamentals still support a strong dollar. Although AU seems over sold on the Higher Timeframes. There is still room for Selling Activity. A break below 0.67880 will set- the tone for bearishness towards Thursday's low of 0.6683
There is a strong rally to the downside, The Market has already broken the bullish structure and there’s a path of least resistance to the downside. Good entries can be found on 1HR and 15min 0.618 Fibonacci ratio pull backs
Looking at the overall price action in the past two weeks we can see a strong rally to the downside. The bullish market structure has already been broken with today’s close. This paves way for a short-term sell to 0.71057 as there’s a path of least resistance, my entry plan is to look for a Pull back on the lower timeframe(15-min) using the fib. Ratio 0.618...