Higher timeframe analysis
As discussed in last week's analysis of the DXY, the higher timeframe draw on liquidity is the bearish monthly Fair value gap set at 101.977. This warrants a higher timeframe bullish bias until this level has been achieved.
Intermediate timeframe analysis
We note the relative equal highs on the daily and 1H chart at 99.392. This serves as a intermediate timeframe draw on liquidity and target objective.
Also note that the buyside of the curve of the market maker buy model has commenced which further fuels bullish sentiment.
Scenario 1
On the 1H chart, note the relative equal lows at 98.482. These lows are expected to be ran to serve as a liquidity primer for the bullish 1H order block at 98.436 which is expected to be respected and held. This poses a rather handsome risk to reward ratio.
Scenario 2
Should price push past the invalidation point of the bullish 1H order block we could see it head to the bullish 1H order block at the initial accumulation at 98.219. The reward on this setup would make up for the loss of scenario 1.
Disclaimer
The above analysis is intended for educational purposes only and should not be interpreted as financial advice.
As discussed in last week's analysis of the DXY, the higher timeframe draw on liquidity is the bearish monthly Fair value gap set at 101.977. This warrants a higher timeframe bullish bias until this level has been achieved.
Intermediate timeframe analysis
We note the relative equal highs on the daily and 1H chart at 99.392. This serves as a intermediate timeframe draw on liquidity and target objective.
Also note that the buyside of the curve of the market maker buy model has commenced which further fuels bullish sentiment.
Scenario 1
On the 1H chart, note the relative equal lows at 98.482. These lows are expected to be ran to serve as a liquidity primer for the bullish 1H order block at 98.436 which is expected to be respected and held. This poses a rather handsome risk to reward ratio.
Scenario 2
Should price push past the invalidation point of the bullish 1H order block we could see it head to the bullish 1H order block at the initial accumulation at 98.219. The reward on this setup would make up for the loss of scenario 1.
Disclaimer
The above analysis is intended for educational purposes only and should not be interpreted as financial advice.
Nota
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Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.