Price is about to hit a major liquidity level and push down for an upward continuation, the weekly candle should build more downside before we see some upside on it.
Good day traders, watching price on a higher timeframe it shows me the potentials of a good selling point a liquidity sweep at the previous weekly high it should not be traded to again, rather i want to see price fall from that level to the extreme lows.
I have an idea to buy the retail shorts on EURUSD which will be induced by the NFP news this morning, the power of three concepts shows me that it is all a manipulation but only a matter of time until I find out.
With strength on the dollar index DXY all indices market have been seeing heavy downside movements, so i will enter a short continuation trade on the US30 with the intentions of jumping out on the weekly target level. A trade alert will be set and i will get in on the trade with a sell limit order it might get triggered on the new week opening and not today anymore.
Price has been moving slowly for the past two weeks, this is a sign of exhaustion in currency pairs, then it hits a reversal zone on a daily order block candle so I expect a reversal to begin in the coming trading week.
The dollar index DXY has been heavily bullish for the past five weeks so in order to align with it i will be looking for long positions on USDJPY using the ICT trading models, the London low should be swept before we continue again to the previous weekly highs