This website uses cookies

Read our Privacy policy and Terms of use for more information.

New week - New Money

This week is primarily focused on the key factors for the upcoming weeks, for these markets, while maintaining a clear picture of where the market has come from. This is important for having a Clear Bias and for keeping up with the market and HTF as we navigate throughout the week.

Now, this edition will have aspects that from the previous Market Commentary(link) and that could be changes we have anticipated or new developments in price. Regardless of the outcome I always aim to keep with the market as often as Possible.

Dollar Index (DXY) Weekly Chart :

-The Higher Timeframes have been steep and been trending for a few weeks straight now. There maybe some bullish daily candle closures but we end up having a bearish Closure on Friday to complete the weekly Bearish Trend. All the market has been doing at this point is break Internal Range Liquidity and I did not mark anything except for the most important areas on Interest.

Dollar Index (DXY) 4h:

The Zoomed in Chart clarifies the noise a bit, I have been anticipating a sort of bullish reversal from the market after a BoS was made to potentially re-balance price before we saw Continuations to the downside as that would 1. Remove the uncertainty 2. Fulfil the Criteria for our Entry Models.

After Thursday and Friday’s Price Rebalance The Market pushed even further after the FED’s Speech creating the Low for the week. now that we really anticipate the Break of the Weekly Low so that we then see those reversals back into structure to re-balance price.

EUR/USD 1H:

We have been speculating since the market broke previous HTF Highs in the week before last and throughout last week, since we are in a strong bullish trend on the Higher Timeframe it’s no surprise that we see the momentum continuing to the upside.

As of this point the FED’s speech on Friday had a Positive effect on EU, as much as it may have seemed that the trend was bearish. the trend has already began and moved so quickly because of Fundamentals so we are likely to see the bullish trend throughout the week since we are now more closer to breaking the weekly High. Keep in mind that the large FVG the market as to be filled at some point but this is things that can either happen or not.

I will be paying close attention to the developments this market makes and the potential of new setups forming during the week and will be regularly updated within the Membership Community

XAU/USD (GOLD)4H:

We have seen the market in a bearish trend as well as turn bullish all in the same week. There has been a lot of momentum and opportunity from the previous market structure and right now we could take out the HTF Buyside Liquidity.

XAU/USD (Gold)1H:

The ideal Point of Interest is clear and kept fairly simple on the 1h chart. I makret’s impulsive move during the USD Fundamentals continued the overall trend and creating a bullish OB the process and at this point in time we have yet to break the Asian high. So we can argue and speculate but this is as far as the eyes can see, we can either retrace back to the Ob then continue to th upside or break the Asian High first but that creates other scenarios to take note

e.g. I have noticed for a while now that the Market tends to not pull back on the Monday Open instead it will just continue with it’s trend and retrace at a later stage.

This is something to consider and the fact that we are inching closer to the HTF BSL makes it even more doubtful that the market would pull back after breaking the Asian high. On the Bright side, We already have an outlook of what the Market is looking like beforehand and we can stay calm and let the market play out either alongside this analysis if there is something else we should be open to seeing that.

Have a great week.

Reply

Avatar

or to participate

Keep reading