Analysis on the Dollar
- Coming off Monthly FVG, price delivered into Previous months Low, where we got a reaction with a huge bearish momentum weekly candle
- However Last week we so bullish momentum coming into the market. Here's what alarmed me:
- Why are we trying to prevent creation of weekly bearish fvg (intention for lower prices)
- Secondly, daily bearish fvg lower failing to deliver lower prices
- Lastly Creation of Daily bullish fvg's/4H order flow
- traded comfortably above 103.177
Everything indicating dollar may be heading higher, toward previous months High
- High Impact Economic News coming in this week will confirm what we can expect for the dollar coming into 2nd Quarter.
- Coming off Monthly FVG, price delivered into Previous months Low, where we got a reaction with a huge bearish momentum weekly candle
- However Last week we so bullish momentum coming into the market. Here's what alarmed me:
- Why are we trying to prevent creation of weekly bearish fvg (intention for lower prices)
- Secondly, daily bearish fvg lower failing to deliver lower prices
- Lastly Creation of Daily bullish fvg's/4H order flow
- traded comfortably above 103.177
Everything indicating dollar may be heading higher, toward previous months High
- High Impact Economic News coming in this week will confirm what we can expect for the dollar coming into 2nd Quarter.
