DXY: Sell to Buy Idea
Weekly Timeframe:
We liquidated the lows, grabbing liquidity to the downside.
= our expectation was that the price would push to the upside, to fill in the FVG (IRL), but last week, price pushed to close above the FVG creating an Inverted FVG.
= We can now frame an idea with that inversion.
The DoL is the Internal Range Liquidity and therefore, we can expect price to continue pushing to the upside.
= It's also important to pay attention to where we are. Price is at an inside bar, this is a supply area and we may see price reversing from this point to push us to our inversion FVG or to the Orderblock.
= Structure wise, the price is bullish.
Swing structure = Bullish
Fractal Structure = Bullish
We shoiuld look for bullish continuation moves.
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Daily Swings structure = Bullish
Daily Internal Structure = Bullish
Daily Fractal Structure = Bulliish
We trade the immediate structure= internal structure.
We know that price moves in phase:
1. Phase 1 = Break of structure.
2. Phase 2 = Restest of the previous structure.
3. Phase 3 = Continuation of the dominant trend.
We are currently in phase 1 of price. We broke internal structure to the upside, which means, we should be expecting a pullback to retest the previous internal demand range.
Where is price?
At the moment price is at a daily supply level, which is also a weekly Inside Bar.
We can expect a pullback from this level to push price into either;
- the weekly inverted FVG which is also a daily inverted FVG.
- the daily Breaker Block.
- The daily extreme orderblock.
We know that price is bullish, which means we have no business counter-trading.
we define the buying points:
1. Previous Area of Structure.
2. Daily Areas of interest as outlined above.
3. The 61.8% FiB Level
We also know that the high probability Areas of interest are those in the discount of our range.
This leaves us with the OB and the 2nd ImB to consider.
Also, following the logic of price moves from liquidity to liquidity, we know that price liquidated the highs as in the extrenal liquiduity, tapping into a daily supply level, the next area to liquidate normally is the internal range liquidity.
It is important to also note that given the many confluences around price level 102, we may see price tapping into that level and flying away.
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4hrs Swing Structure = Bullish
4hrs Internal Structure = Bullish
4hrs Fractal Structure = Bullish
We trade the immediate structure and the immediate structure is internal structure.
We know that price broke structure to the upside and has change trend in the 4hrs from bearish to bullish.
We also know that price is due for a pullback, and even though at this moment price is in daily supply block.
But we havent hit the 4H OB. However, since we are in 4H supply range, any moment from now we can see price reversing.
If we go by the weekly logic, where we want to frame an idea around the inverted FVG, we can see we have a 4H demand block. We should look for those continuation opportunities from this block.
Note: we pushed through with a lot of momentum to the upside. In the process, we never created any leg inducement. Therefore, we need to see the market creating liquidity before tapping into the zone.
Going into next week, we should frame buy idea in our 4H demand block.
If we break through the 4Hrs fractal Protected Low, that should confirm the internal leg pullback.
_______________________________________________________
15 mins Swing Structure = Bullish
15 Mins Internal Structure = Bullish
We follow the immediate structure and the immediate structure is the internal structure.
Clearly, we have an established bullish orderflow.
After the BoS, we expect a pullback.
What phase are we in of the internal structure?
=> We are in Phase 2, where the market is currently retesting the demand range.
Our expectation is that this orderflow should hold and that the 15Mins demand block should hold.
We should be looking to frame a buy set up to take us to the 15 mins supply.
Invalidation criterial:
Where are we at?
- Price has tapped into a daily supply level. that obviously will hold more power.
- If we see price wick below our demand range, that invalidates our demand range, it means that sellers are taing control.
We liquidated the lows, grabbing liquidity to the downside.
= our expectation was that the price would push to the upside, to fill in the FVG (IRL), but last week, price pushed to close above the FVG creating an Inverted FVG.
= We can now frame an idea with that inversion.
The DoL is the Internal Range Liquidity and therefore, we can expect price to continue pushing to the upside.
= It's also important to pay attention to where we are. Price is at an inside bar, this is a supply area and we may see price reversing from this point to push us to our inversion FVG or to the Orderblock.
= Structure wise, the price is bullish.
Swing structure = Bullish
Fractal Structure = Bullish
We shoiuld look for bullish continuation moves.
_____________________________________________________
Daily Swings structure = Bullish
Daily Internal Structure = Bullish
Daily Fractal Structure = Bulliish
We trade the immediate structure= internal structure.
We know that price moves in phase:
1. Phase 1 = Break of structure.
2. Phase 2 = Restest of the previous structure.
3. Phase 3 = Continuation of the dominant trend.
We are currently in phase 1 of price. We broke internal structure to the upside, which means, we should be expecting a pullback to retest the previous internal demand range.
Where is price?
At the moment price is at a daily supply level, which is also a weekly Inside Bar.
We can expect a pullback from this level to push price into either;
- the weekly inverted FVG which is also a daily inverted FVG.
- the daily Breaker Block.
- The daily extreme orderblock.
We know that price is bullish, which means we have no business counter-trading.
we define the buying points:
1. Previous Area of Structure.
2. Daily Areas of interest as outlined above.
3. The 61.8% FiB Level
We also know that the high probability Areas of interest are those in the discount of our range.
This leaves us with the OB and the 2nd ImB to consider.
Also, following the logic of price moves from liquidity to liquidity, we know that price liquidated the highs as in the extrenal liquiduity, tapping into a daily supply level, the next area to liquidate normally is the internal range liquidity.
It is important to also note that given the many confluences around price level 102, we may see price tapping into that level and flying away.
_______________________________________________________
4hrs Swing Structure = Bullish
4hrs Internal Structure = Bullish
4hrs Fractal Structure = Bullish
We trade the immediate structure and the immediate structure is internal structure.
We know that price broke structure to the upside and has change trend in the 4hrs from bearish to bullish.
We also know that price is due for a pullback, and even though at this moment price is in daily supply block.
But we havent hit the 4H OB. However, since we are in 4H supply range, any moment from now we can see price reversing.
If we go by the weekly logic, where we want to frame an idea around the inverted FVG, we can see we have a 4H demand block. We should look for those continuation opportunities from this block.
Note: we pushed through with a lot of momentum to the upside. In the process, we never created any leg inducement. Therefore, we need to see the market creating liquidity before tapping into the zone.
Going into next week, we should frame buy idea in our 4H demand block.
If we break through the 4Hrs fractal Protected Low, that should confirm the internal leg pullback.
_______________________________________________________
15 mins Swing Structure = Bullish
15 Mins Internal Structure = Bullish
We follow the immediate structure and the immediate structure is the internal structure.
Clearly, we have an established bullish orderflow.
After the BoS, we expect a pullback.
What phase are we in of the internal structure?
=> We are in Phase 2, where the market is currently retesting the demand range.
Our expectation is that this orderflow should hold and that the 15Mins demand block should hold.
We should be looking to frame a buy set up to take us to the 15 mins supply.
Invalidation criterial:
Where are we at?
- Price has tapped into a daily supply level. that obviously will hold more power.
- If we see price wick below our demand range, that invalidates our demand range, it means that sellers are taing control.
Penafian
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