Hello there and Welcome to the Newsletter. I am glad you are here and going to be part of The Weekly Market Commentary. This is the beginning of a new journey and a new chapter I am really exited to be sharing, I have created this space to be a platform where you can get detailed insight on the Forex Market, my Personal Trading Space as well as Mentorship Community Resources on a weekly basis.

With the recent events influencing the Market there has been a lot of intense movements as well as uncertainty. However with a proper plan I am sure you have managed to get yourself a good trades throughout the week and we are now at a point where we want to find out what’s next.

Starting off with the Dollar Index, we have seen really bearish momentum since the beginning of this week, the HTF narrative became clearer when the SSL was taken out on the 13th following the USD CPI for August. That happened after we had a Rejection from the large 4h FVG we have laid out on the chart there so now we have a clear understanding of where the market is going…

That Break of the low was a Key level I have been looking at as part of charting down where the market is going and since it did get broken the Higher Timeframe Narrative has started building up which is something that We have been wanting to see for a while now.

The Narrative has been Laid out on the HTF and now that we are within a timeframe of execution. We clearly see the 4h Orderblock that the Market Seems to have Rejected from and at this point the wait is about seeing if this POI is going to hold and if it does then the bias of a bearish Dollar Index might be what we get to experience and we will see the new lows created get taken out in the Coming Week.

-As we know that the EURUSD heavily Correlates with the Dollar Index, we have seen a similar narrative playing out in terms of the Momentum during Fundamentals. On this Market, we have seen the Rejection occur on the 4H Fair-Value Gap instead of the Orderblock however the Orderflow remained Consistent between the two.

That has led us to a point where now see the market inching closer to the HTF buyside Liquidity since it is also an All-time high as the rest of Retail Investors refer to it. We are keen on seeing how is the orderflow is going to maintain itself when approaching that high also paying attention to the momentum and fundamentals for the coming week.

The picture above becomes more Clearer as we scale down. This for us is just to identify areas of Liquidity or Points Of Interest. Mainly because we want to find ourselves on the right side of the market and knowing which POI’s the market may target throughout the week. The focus from here is to see whether the potential is there for the market to Continue it’s bullish rally or is that all the Liquidity about to be swept.

-The bullish rally up has seen it’s full target as we recently broke HTF Highs on Gold this previous week. There has been a lot of Fundamental Influence which we can see in the Liq. Sweeps and rapid jumps that the market had in Price. Since this week the Market broke Buyside Liquidity(BSL) a lot of distress and uncertainty lies in the market and what We want to see is the carrying out of price and the kind of Influence the fundamentals have on Gold… whether the Market will still buy or Break back into structure and develop something else…

On this Timeframe I mainly use it to chart out actionable steps for the week and taking a closer look… The detailed structures show that the market is locked within to significant points (BSL & SSL) in which my trading Criteria is being built from… the POI identified there is an area of interest should the market fail to immediately continue buying because the overall orderflow of the market is Bullish and we intent to keep that in mind as we navigate the Markets throughout the week.

This will be it for this week and please, share your thoughts on what you have just read and what’s on your watchlist for the week. I am looking forward to hearing all about it.

Enjoy the Week

Stay productive

Stay Consistent

Onix