{quote} Still short, now with a break even stop. Target remains a test of double day lows @ 1.1542 {image}
Closed outside of the weekly range as well.
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Price just blew straight through.
In the case of the USD/CAD it was a car wreck.
Only the CHF/JPY still to watch. Came up short of the FVG.
For some reason I neglected to post a chart of Euro/USD.
I took a USD/CHF long on Monday as that looked the the most constructive and got stopped out on Wednesday.
For this week I'm focusing on Euro/USD & DXY.
For the Euro the trading range is clear.
We are currently at a premium price.
Of course it could still go higher.
It could even reverse from here.
We have tested the last 2 swing highs within that range.
My focus is on the wick of the rejection candle.
I have no setup on the 4hr as yet. Friday we rejected from a FVG.
For the DXY, again the range is clear.
Equal double day lows traded through.
Price has stopped, for now, at an OB leaving the lower half open.
3 narrow range days inc Friday last week (just the bodies)
Euro has tested both the previous 2 swing highs.
DXY only 1 swing low.
Double day highs above and double day lows below current market price.
Price may/may not test the wick of Oct 17 now.
I will be looking for a buy below 99.20 or a sell above 1.1634 should 4hr PA be conducive tomorrow.
Euro has tested both the previous 2 swing highs.
DXY only 1 swing low.
Double day highs above and double day lows below current market price.
Price may/may not test the wick of Oct 17 now.
I will be looking for a buy below 99.20 or a sell above 1.1634 should 4hr PA be conducive tomorrow.
3 narrow range days inc Friday last week (just the bodies) Euro has tested both the previous 2 swing highs. {image} DXY only 1 swing low. {image} Double day highs above and double day lows below current market price. Price may/may not test the wick of Oct 17 now. I will be looking for a buy below 99.20 or a sell above 1.1634 should 4hr PA be conducive tomorrow.
Previous swing highs and lows broken on both Euro & DXY.
Looking at the big picture price now @ key levels going into next week.
For the Euro price has re-tested a FVG where it failed previously.
Also into premium territory.
For DXY the 50.0 level holds for now.
Will be checking these areas each daily close.
