DXY Position for 12/6 - 12/13/24Hey guys i want to give you guys some insight as I've been trading these concepts for the last two - three years now using these concepts. I don't really care what people think I'm strictly using this a way to show you guys that these concepts work i try not to over complicate it and for two I'm not always right i do get it wrong but will use great risk reward to out weigh my losses.
So to start we have High impact news tomorrow, Which is what i will be watching for ideally i want the Short term buy side liquidity to be ran through tomorrow but again I'm going to be watching because it doesn't necessarily need to it can easily dump to buyside imbalance sell side inefficiency without returning to the liquidity on the buy side.
I will be waiting before i make a decision if we do get a aggressive move tomorrow towards the upside then i will be waiting for a shift in market structure back down to the liquidity on the sell side again I'm currently neutral until we get more insight for tomorrow
but i hope this helps. let me know if this helps you :)
SMARTMONEYFX
what happen in XAUUSD ?By observing XAU/USD, we can understand that we are in a downtrend. Using Smart Money, I have prepared a few levels to monitor. If the price starts to rise, we can have confidence in the upper order block. Otherwise, if the price breaks below the lower limit of gold, which is at the price of 2004.458, there is a strong order block zone below it that can potentially drive price growth. I want to emphasize that using order blocks requires the identification of a W-shaped reversal pattern, and after identifying it, one can enter a position.
EURUSDEURUSD analysis and prediction refer to the process of assessing the current market conditions, trends, and patterns in the exchange rate between the euro and the US dollar. Traders, investors, and analysts use various methods and tools to analyze and predict the future direction of the EURUSD exchange rate, with the aim of making informed trading decisions.
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Probability for 05/12/22 I think the overall price will target Buyside Liquidity and then drop down to Sellside Liquidity but also I strongly belive that price will try to reach an Imbalance (4h TF)which is below Sellside liquidity.
During London Kill Zone I'll keep my eyes on setup to go Long and once price action reach Buyside Liquidity I'll be looking to go Short and exit at second Sellside LIquidity.
Please share your thoughts.