The Markets have Continued to surprise me after a really interesting first week of the Month. As we Welcome the second week of the Month, new Quarter I feel that there is a lot more to look forward to and last week way just the beginning.
With that being said I will give you traders some insight into my Forecast for the week and will be following up with everything in the Telegram.
Dollar Index (DXY)
The Markets have made a quite unexpected and huge turn to the Upside. Of course I have consistently followed up with the markets and shared the in-depth Breakdown of the market here is these newsletters which I hope have played a helpful role in your own trading journey. If you are new here or just casually reading, Consider Subscribing to receive all the Weekly Insights to my analysis as well as other resources shared to give you the Most value
The Dollar Index closed off last week intensively bullish, with little to no confusion. The Significant high I wanted to see get taken out was the Previous high the market created and this was a Swift break of Market High which is now a key piece of price action that will have an effect to my overall long-term approach in the Market/s.
EURUSD
We can continued to see the decline throughout the Week for this market. I havenāt been primarily focused on Entries throughout this Bearish Trend (even though it would have been amazing) and the correlation between EU and the DXY because I wanted to the market to solidify my theory whether the Market is going to continue being bullish or not. The week ended of with the market having invalidated all bullish structures, meaning that every buy that way taken throughout was week was a loss. It became clearer after the Market swept both lows that lies above market structure
Now the idea is to follow market structure now that the orderflow has been confirmed. The way the market unfolded last week way a great way for me to determine my bias without putting my skin in the game, and we now have clarity.
The Screenshot above is a setup I would be willing to take and utilize it alongside how market Structure would likely unfold. The FVG is identified on the 4h which will of course need to be reduced and clearly executed on the LTF.
XAAUSD
07/10/24
Here are some articles I think will help you:
If you enjoyed reading this weekās publication, Consider sharing wit a friend.
See you on the next one.
Have a profitable week.
Hereās a Mini Lesson i think you guys will learn from
