Swing & position trading

Watching.

Sideways market.
Potential swing point after the sweep.

Stopped out on my previous trade on this pair.
Looking for a re-entry.

Limit sell triggered @ 1.1875
Discount end of the daily FVG.

Stopped out on this trade.
hey-ho. Moving on.

Watching.

Imbalance violated.
FVG & OB the last line of defence before a run at the double day lows & 152.00.
Probably a resolution this week.

Closed out the remaining 25% of my original position from 4th Feb.
PA unclear to me now.
Time will tell if I was right or wrong.

Euro//USD has failed to make a new high today.
While the DXY made a lower daily low.
That was how the move started back on 19th January only in reverse.
Will be watching tomorrows H/L/C

Euro/USD

Closed trade at break even.
More Tomorrow.

This weeks PA threw up a few interesting things.
Monday was a big range day creating the weekly low and high (albeit bettered by 2 pips on Tuesday).
Price closed through the FVG and then back through it Wednesday, testing the discount end Thu and Fri.
3 days of equal highs created a good target to sweep next week.
I have graded the weekly wick from a few weeks ago as possible targets for that move.
In line with my bias from the long term HTF chart (previously posted) I expect a reversal from somewhere within this area.



The opposite side to the coin is DXY.
In this case the weekly high was Monday but made a noticeably lower low on Wed.
Looking at the weekly again I have graded the wick.
The 50% level comes in at the previously broken lows which were also monthly lows.
Daily imbalance still to be tested has its 50% @ 96.36 pretty close to those lows.
Since those lows were purged and not just swept I see this as a turtle soup long.
There is no reason for price to revisit these lows as all the liquidity has been hoovered up.

Of course I could be completely off side with my analysis but that's how I read price atm.

GBP/USD

Limit sell triggered @ 1.3589

TP triggered @ 1.3460
Discount end of the daily FVG.
All out.

Range bound below an old high.
Still expect to sell at a higher price.

Silly me.
Too focused on the double day lows.
Neglected to look at the monthly.
All the buy orders paired at the premium end of the FVG over 5 days.

This one worked out well.
Re-test of the daily OB after the sweep of the lows on the weekly.

As expected.
Rebalanced the daily FVG.
Not 1 daily candle closed below the mid-point.

Solid profit for the week.
Would like to see price go higher before another leg down.