Can you project where price will go tomorrow?
Is it likely to go higher or lower?
Learning this one element will help you with directional bias and will teach you a lot about probabilities.
Some clear key points of liquidity have been hit this week.
The daily volume gap on #GBPUSD ๐ฌ๐ง
The yearly low on #EURUSD ๏ฟฝ๏ฟฝ๏ฟฝ๏ฟฝ๐บ
A strong swing high on #DXY ๐บ๐ธ
It will be interesting to see where price moves from this point.
#trading #forex #fx
๐ช๐บ / ๐บ๐ธ #EURUSD
Tomorrow represents an opportunity for Euro to take the yearly low.
Dollar is set and ready seeking higher liquidity from the recent FVG claim with Fridays large wick.
There is an area of interest within the premium zone of todays movement but as always best to wait for tomorrow morning to assess where price is.
#trading #FX #forex
One must admit I was expecting price to move into the FVG before moving to take the target.
DXY had a lovely run today too, they are seeking that EUR + GBP lows.
#trading#FX#forex
Monday rarely represents high probability setups for myself.
I almost entirely avoid the day based on rules and it feels good heading into the rest of the week with some more information to form decisions from.
Enjoy your Monday.
$EURUSD ๐ช๐บ/๐บ๐ธ
Overnight we had a complete run through of price straight into the target.
We have left many imbalances so depending what we see here I would expect the week end to rebalance into this area.
#forex#fx#trading
#DXY๐บ๐ธ
No raid leading to shift today, depending on how the day finishes we may see this movement we expected today, tomorrow.
Itโs likely the FOMC was the reason for todays action but now out of the way we can resume looking for the opportunity.
#trading#fx#forex
#EURUSD ๐ช๐บ๐บ๐ธ
Today we saw Euro fill the daily FVG and we are on track to close with a negative daily candle.
This validates tomorrow as a trading day to the downside towards our target.
Dollar also filled the daily FVG but on top of this also closed entirely the 4H FVG giving liquidity to the market ready for a move higher.
Tomorrow morning we can evaluate the setup and see if we have an entry point to trade price lower on EUR.
#trading #fx #forex
#EURUSD ๐ช๐บ๐บ๐ธ
The Euro and Dollar charts are both looking very in sync with price movements.
With both moving into last weeks daily FVG today I will be looking for price to reject and continue their trend for the remainder of the week.
Will post updates as we see the setup for the week occur.
#trading #fx #forex
๐ช๐บ #EURUSD
If we see the coming move and a switch of momentum then EUR is the one to watch.
Mapped out below is the point to break with also will likely include the FVG too.
Our target for this scenario is above at the daily FVG.
#trading#forex#FX
๐บ๐ธ $DXY
Price has failed to move higher towards our target and has failed to move with any volume above the weeks opening gap.
If we start to see price drop lower and lose this large FVG then it is likely that we will aim for the target below.
#trading#forex#FX
๐บ๐ธ $DXY
Price has failed to move higher towards our target and has failed to move with any volume above the weeks opening gap.
If we start to see price drop lower and lose this large FVG then it is likely that we will aim for the target below.
#trading#forex#FX
Today we saw price use our daily fvg to move higher on the day.
The opening week gap was used to reverse price towards the end of the day.
As we head into tomorrow we should watch the 4H fvg created today to see if this holds price. If so then we should look towards price moving higher towards our target.
#dxy #forex #fx
Price rejected last week from a daily volume gap created March 09 - I0, since this point we have had a strong move to the downside today.
This move has pushed price into the large daily imbalance, if we start to see price push higher from here then we would look for price to take last weeks high as a target.
#forex #FX #trading
With the large strength towards the upside we should look towards this previous high of price.
False move Monday pushing price lower then today we could start our movement of price higher.
#trading#fx#forex
Each day we are given the option to be resilient and tell our mind the correct action to take,
Or
Be weak to the mental challenge we impose on ourselves.
Win each day.
Positive didnโt quite make it up to the most extreme FVG however itโs clear that price was seeking then lower prices.
Notice when the price movement is strong thereโs no move upwards which breaks above the previous up closing candles (larger timeframe).
#trading#index#charts
Our low has been broken, next stage is a retrace potentially towards the 4H FVG above.
Around this area is where we can start to look for the setup to carry price lower.
#trading#dowjones#index
Yesterday we took out last weeks high.
Now our technical setup allows for price to seek lower prices with our first target being the low of yesterday.
#trading#FX#forex
Hopefully you are able to see where our next large draw on liquidity is sitting.
After taking out the highs we will now start to see price revert lower towards the relative equal lows.
#trading#forex#dollar
We have strong momentum pushing price higher towards the liquidity.
This is a strong example of why you trade with the momentum of price.
We looked at the possibility of price moving lower however this is a game of probability and momentum helps to drive these probabilities.
#dxy #trading #fx
Price action in this area is hard to read, we have taken the resting liquidity and filled the FVG to the left.
Todays price action should help to determine if we continue this upward movement headed for 103.17 or if we switch at this point and move towards last weeks low liquidity.
#dxy #trading #FX