I'm expecting a bullish DXY this week after price finally broke the trendline and dropped into my demand zone. There was a strong impulse from the demand zone which leads me to believe price may continue bullish from here. There is also imbalance that needs to be filled which should help the push up.
Short-term buy setup based on 5m demand and break of structure. I expect price to move down and take out liquidity before shooting to the upside.
Weekly and daily is bullish. Liquidity has been taken out on 4h. Now I'm waiting for price to come back to the demand zone and retest the baseline (1.05914). TP is daily and 4h stacked supply (1.06983). We have two liquidity zones which should help push price right into the supply.
Want to see price take out liquidity and retest the demand zone. After that, I will look for price action indication for long entries.
Want to see a retracement higher into the 4h supply before looking for shorts from either .786 fib or .88 fib.
I will look for entries from the 4h hour demand as it is stacked with the daily demand zone. TP is 78.675. Just waiting for price to enter the demand and then going to look for price action.
Price should continue the uptrend from here, using the daily demand to continue the push up.
I'm shorting GJ from here after the shift is structure and the bearish reaction from the daily supply. I'm using a bigger SL at 156.616 just to make sure we don't get stopped out before the push down. I'm fine with the bigger SL because we are still targeting a good 11RR. TP is 150.356 as I believe there is liquidity below this area.
Equal highs have been created which I believe will help push price up into the supply zone. From here, I suspect there may be a further liquidity grab before price sells off. I'll be waiting to see how price reacts to the supply zone before looking for sell entries.
Price is already reacting to the .786 fib. However, I'd like to see price move higher into the daily supply and reject the .88 fib level. This would be my preferred area to sell from.
Waiting for price to come down to 50% of the impulse to give us a tighter entry than looking for longs into the first supply zone for a safer TP.
Price is reacting strongly to the 4h supply. I would enter short after the bearish engulfing for a quick trade into the nearest demand.
Waiting for price to retrace back to 0.91221 for our entry, as we had a strong impulse so we will get a better entry if we wait for the retracement. SL is at the previous swing-low (0.90915) just incase price wants to retest the demand again. We have a daily and 4h demand stacked here so we should see a strong break-out from this level. TP is 0.92321 as we don't...