Weekly Outlook on $DXY & $EURUSD
Thread🧵
🧡&🔁
Thread🧵
🧡&🔁
With a top down analysis we will start by taking a look of the economic calendar to guide us for the week. High impact news everyday this week but CPI should cause the most volatility so could potentially eye for Tuesday to set high/low of the week depending on bias & PA.
$DXY | M
Now for charts we will look at HTF then work our way down. Dollar has respected the monthly fvg and is currently right at the monthly range high.
Now for charts we will look at HTF then work our way down. Dollar has respected the monthly fvg and is currently right at the monthly range high.
$DXY | W
Different from the monthly range you can see this weekly range and deviations on both sides of the range. This POI is right around the midrange so I’m looking at that level for potential reversals as I’m bullish on DXY to target range high in the upcoming weeks
Different from the monthly range you can see this weekly range and deviations on both sides of the range. This POI is right around the midrange so I’m looking at that level for potential reversals as I’m bullish on DXY to target range high in the upcoming weeks
As a day trader you don’t need to go too deep in terms of predicting where price is going weeks out. It’s more important to mark out important levels and see how price reacts rather than predict. Don’t be married to a bias and be open to adapt to the market and price action.
$DXY | D
For the daily timeframe I could see this MMBM playing out in the upcoming weeks but again I don’t care to predict price that far out, im simply using this narrative to frame LTF setups
For the daily timeframe I could see this MMBM playing out in the upcoming weeks but again I don’t care to predict price that far out, im simply using this narrative to frame LTF setups
$DXY | H1
Currently DXY is in consolidation on H1 so it’s important for me to wait for manipulation this week before I start looking for trades. I could see either of this PO3 scenarios playing out.
Currently DXY is in consolidation on H1 so it’s important for me to wait for manipulation this week before I start looking for trades. I could see either of this PO3 scenarios playing out.
$EU | M
Just like dollar, im looking at this monthly range for euro. Ideally I’d like to see a retest of the range low for inducement on sellside and to rebalance the monthly fvg below. If this happens it could be the start of a big bull run on very HTF.
Just like dollar, im looking at this monthly range for euro. Ideally I’d like to see a retest of the range low for inducement on sellside and to rebalance the monthly fvg below. If this happens it could be the start of a big bull run on very HTF.
$EU | W
Different from the monthly range here is the weekly range that I’m looking at. Euro rejected the POI & range high near the end of last year and is now below the midrange.
Different from the monthly range here is the weekly range that I’m looking at. Euro rejected the POI & range high near the end of last year and is now below the midrange.
$EU | D
Ideally for this week I’d like to see a retest of the monthly open then displacement to the downside to target EQLs. With CPI this week it could be a news driver for EU to either retest the monthly open or target the EQLs
Ideally for this week I’d like to see a retest of the monthly open then displacement to the downside to target EQLs. With CPI this week it could be a news driver for EU to either retest the monthly open or target the EQLs
$EU | H1
I’d like to see price continue higher to rebalance this big inefficiency in price from NFP. The monthly open lines up with this FVG so could be a good POI for a reversal to the downside to start a H1 MMSM to EQLs
I’d like to see price continue higher to rebalance this big inefficiency in price from NFP. The monthly open lines up with this FVG so could be a good POI for a reversal to the downside to start a H1 MMSM to EQLs
Join my private trading community for $1 a day!
Get access to:
- Exclusive Trading Floor
- Daily Market Outlooks
- Trade Ideas
- Trading Education
- Questions Answered & Support
whop.com
Get access to:
- Exclusive Trading Floor
- Daily Market Outlooks
- Trade Ideas
- Trading Education
- Questions Answered & Support
whop.com
I’m partnered with @CFTradercom
- Proof of reserves
- No time limit
- Low spreads
- Own technology
- 8%/4% profit target
If you’re interested in purchasing a challenge with them here is my affiliate link and use code ‘dangstrat’ for a 7% discount: cryptofundtrader.com
- Proof of reserves
- No time limit
- Low spreads
- Own technology
- 8%/4% profit target
If you’re interested in purchasing a challenge with them here is my affiliate link and use code ‘dangstrat’ for a 7% discount: cryptofundtrader.com
جاري تحميل الاقتراحات...