Hello Traders!
Here we can see the DXY made the high of the week on Monday.
We are now crossing over Sundays opening price after rallying up into a discount or overbought range for the weekly range.
Price is falling fast.
What are the odds of price rallying back up and taking out the pervious daily high?
I will favor sell side liquidity targeted going into Thursday.
Thursday can also make the low of the week with Friday moving counter to the weekly range expansion to the downside.
The weekly candle has opened, rallied up and now has fell below it's open! Sellers are in strong.
I do not want to see price come back to the sundays opening price. If it does I want to see a dynamic reaction away from it back to the discount range.
Going into thursday I would seek selling above M.O.P and above 2:00 Am European open.
Here we can see the DXY made the high of the week on Monday.
We are now crossing over Sundays opening price after rallying up into a discount or overbought range for the weekly range.
Price is falling fast.
What are the odds of price rallying back up and taking out the pervious daily high?
I will favor sell side liquidity targeted going into Thursday.
Thursday can also make the low of the week with Friday moving counter to the weekly range expansion to the downside.
The weekly candle has opened, rallied up and now has fell below it's open! Sellers are in strong.
I do not want to see price come back to the sundays opening price. If it does I want to see a dynamic reaction away from it back to the discount range.
Going into thursday I would seek selling above M.O.P and above 2:00 Am European open.
