7 Tweets 7 reads Jan 07, 2024
๐—˜๐—จ + ๐——๐—ซ๐—ฌ
๐—ช๐—ฒ๐—ฒ๐—ธ๐—น๐˜† ๐—ข๐˜‚๐˜๐—น๐—ผ๐—ผ๐—ธ : Top down analysis โ™ป๏ธ
A Thread ๐Ÿงต
๐— ๐—ผ๐—ป๐˜๐—ต๐—น๐˜† :
Starting off from the monthly time frame ,
โ€ข Dxy is reaching for the M ERL below ( there's a yearly IRL there ) & Eur is expanding towards the M ERL above
โ€ข The M SIBI on Dxy should ideally stay unmitigated if we want to continue this downwards trend
๐—ช๐—ฒ๐—ฒ๐—ธ๐—น๐˜† :
Dropping a time frame lower ,
โ€ข Dxy filled the W IRL & then closed below it prev week , anticipating a W IRL > ERL move now ,
Same goes for Eur , it respected the W RDRB & W OB & now expecting it to expand towards the W ERL above
๐——๐—ฎ๐—ถ๐—น๐˜† / ๐—›๐Ÿฐ :
โ€ข Eur took out SSL & tapped into the D RDRB+ , leaving the Breakaway Gap unmitigated ,
Dxy swept the BSL , filled & closed below the Daily VI
โ€ข If this H4 BPR holds on both Eur & Dxy , from there , we can see the continuation of the mmxm this week
โ€ข Would like to see price displacing towards our DOL before engaging in any trade as we're sandwiched between bullish & bearish Arrays on Daily
โ€ข If this H4 BPR gets disrespected , Eur can sweep PWL ,
tap into the D IRL below the RDRB & then might continue the bullish trend
๐—˜๐—ฐ๐—ผ๐—ป๐—ผ๐—บ๐—ถ๐—ฐ ๐—–๐—ฎ๐—น๐—ฒ๐—ป๐—ฑ๐—ฎ๐—ฟ ๐Ÿšจ :
Monday - Wed we have no significant news , will probably be a bit dull PA first half of the week โŒ
Might focus more on exotics these days ,
Thursday & Friday are looking like high probability days as they seem to have decent volality โœ…
Hope you guys found this thread insightful ,
A follow , like ๐Ÿค & retweet โ™ป๏ธ would be highly appreciated ,
Wishing you all a profitable week ๐Ÿ’ต

Loading suggestions...